Marvell Technology: SVP Justin Scarpulla exercised 510 shares

What happened Justin Scarpulla, SVP and chief accounting officer, exercised or converted 510 restricted stock units and acquired 510 shares at $0.00. On the same date he surrendered 253 shares at $241.24 per share to cover tax withholding for $61,034. The filing also reports a disposal of 510 derivative shares at $0.00.

Key details

• Transaction date: Oct 15, 2026.
• Exercise/conversion: 510 shares at $0.00 (code M) acquired.
• Tax withholding: 253 shares surrendered at $241.24 per share (code F), total $61,034.
• Derivative disposal: 510 shares at $0.00 (code M, disposed).
• Shares owned after the transaction: not reported in the provided filing.
• Footnotes:
  • F1: Surrender of shares to pay tax withholding due to the vesting of restricted stock units.
  • F2: Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting.
  • F3: Remaining RSUs vest on Jan 15, 2027; Apr 15, 2027; Jul 15, 2027; Oct 15, 2027; Jan 15, 2028; Apr 15, 2028; Jul 15, 2028; Oct 15, 2028; Jan 15, 2029; and Apr 15, 2029.
• Filing date: Oct 16, 2026.

Why it may matter The filing shows an exercise/conversion of restricted stock units with shares surrendered to cover tax withholding (a cashless settlement of withholding). The filing does not show why the insider traded or why the company acted.