Bharathi Sandeep 4
4 · Marvell Technology, Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Marvell (MRVL) Exec Bharathi Sandeep Exercises RSUs, Sells Shares
What Happened
Bharathi Sandeep, President of Marvell’s Data Center Group, had restricted stock units (RSUs) vest on July 15, 2026, converting to 22,441 shares. To cover tax withholding, 11,819 of those shares were surrendered (reported as dispositions) with a total value of $2,437,787 (tax withholding at $206.26 per share). Separately, on July 16, 2026, Sandeep sold 9,013 shares in an open‑market transaction under a 10b5‑1 plan for aggregate proceeds of $1,795,750 (weighted average $199.24; per footnote sold across prices $195.80–$201.63). Total reported value of disposals (withheld + market sale) is ~$4.23M. These were RSU vest/convert events rather than a new cash purchase.
Key Details
- Transaction dates: RSU conversions and withholding on 2026-07-15; open‑market sale on 2026-07-16.
- Prices & values: tax‑withheld shares valued at $206.26 (total $2,437,787); open‑market sale weighted avg $199.24 for $1,795,750 (sales ranged $195.80–$201.63). Total disposals ≈ $4,233,537.
- Shares: 22,441 RSUs converted to shares; 11,819 surrendered for taxes; 9,013 sold in market; net shares retained from this vesting ≈ 1,609.
- Codes explained: M = exercise/conversion of derivative (RSU conversion), F = shares surrendered to satisfy tax withholding, S = open‑market sale.
- Footnotes: sales executed under a 10b5‑1 plan (F2); price shown is a weighted average with a specified range (F3); each RSU equals one share (F4); remaining RSUs vest on scheduled dates through April 2029 (F5–F8).
- Timeliness: Form filed 2026-07-16 for transactions on 7/15–7/16 — appears timely.
Context
- These transactions are routine for vested RSUs: shares converted on vesting, some surrendered to cover taxes (common cashless settlement), and some sold under a prearranged 10b5‑1 plan.
- Exercise/conversion here refers to RSU vesting (not the exercise of stock options requiring cash payment). Surrendered shares were used to meet tax obligations rather than sold on the open market for discretionary income.
- No purchase activity was reported; sales and withholding do not necessarily indicate a view on the company’s prospects.
Insider Transaction Report
Form 4
Bharathi Sandeep
President, Data Center Group
Transactions
- Exercise/Conversion
Common Stock
2026-07-15+2,462→ 57,992 total - Tax Payment
Common Stock
[F1]2026-07-15$206.26/sh−1,297$267,519→ 56,695 total - Exercise/Conversion
Common Stock
2026-07-15+3,567→ 60,262 total - Tax Payment
Common Stock
[F1]2026-07-15$206.26/sh−1,879$387,563→ 58,383 total - Exercise/Conversion
Common Stock
2026-07-15+1,757→ 60,140 total - Tax Payment
Common Stock
[F1]2026-07-15$206.26/sh−926$190,997→ 59,214 total - Exercise/Conversion
Common Stock
2026-07-15+11,256→ 70,470 total - Tax Payment
Common Stock
[F1]2026-07-15$206.26/sh−5,927$1,222,503→ 64,543 total - Exercise/Conversion
Common Stock
2026-07-15+3,399→ 67,942 total - Tax Payment
Common Stock
[F1]2026-07-15$206.26/sh−1,790$369,205→ 66,152 total - Sale
Common Stock
[F2][F3]2026-07-16$199.24/sh−9,013$1,795,750→ 57,139 total - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-07-15−2,462→ 7,387 total→ Common Stock (2,462 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F6]2026-07-15−3,567→ 24,972 total→ Common Stock (3,567 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F6]2026-07-15−1,757→ 12,299 total→ Common Stock (1,757 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F7]2026-07-15−11,256→ 101,304 total→ Common Stock (11,256 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8]2026-07-15−3,399→ 37,400 total→ Common Stock (3,399 underlying)
Footnotes (8)
- [F1]Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units.
- [F2]Sales were made pursuant to a 10b5-1 Plan dated December 4, 2025.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices rounded to the nearest cent ranging from $195.80 to $201.63, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F4]Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- [F5]The remaining Restricted Stock Units shall vest on October 15, 2026, January 15, 2027 and April 15, 2027.
- [F6]The remaining Restricted Stock Units shall vest on October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028 and April 15, 2028.
- [F7]The remaining Restricted Stock Units shall vest on July 15, 2027, July 15, 2028 and July 15, 2029.
- [F8]The remaining Restricted Stock Units shall vest on October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028, April 15, 2028, July 15, 2028, October 15, 2028, January 15, 2029 and April 15, 2029.
Signature
Sandeep Bharathi by Blair Walters as Attorney-in-Fact|2026-07-16