Marvell Technology Officer Executes Planned Sale Following RSU Vesting

Executive Summary

On October 16, 2026, Sandeep Bharathi, President of the Data Center Group at Marvell Technology, Inc. ($MRVL), reported transactions spanning October 15 and October 16, 2026. The primary open-market transaction was a disposition of 3,685 shares of Common Stock at an average price of $234.97 per share, totaling approximately $865,864.45. Following this transaction, Mr. Bharathi directly holds 58,748 shares of common stock.

Transaction Details

• Open-Market Sale (Code S):
  • Date: October 16, 2026
  • Shares Sold: 3,685 shares
  • Price: $234.97 per share
  • Value: $865,864.45
  • Plan: Carried out under a Rule 10b5-1 trading plan adopted on December 4, 2025.
• RSU Vesting & Tax Withholdings (Codes M and F):
  • On October 15, 2026, four tranches of Restricted Stock Units (RSUs) vested, resulting in the acquisition of 11,187 shares (2,462 + 3,568 + 1,757 + 3,400).
  • Concurrently, 5,893 shares (1,297 + 1,879 + 926 + 1,791) were withheld at $241.24 per share to cover statutory tax obligations.

Market Significance

This filing is assessed as Low trading significance because the open-market sale was pre-scheduled under a Rule 10b5-1 trading plan established almost a year prior. Furthermore, it directly followed the vesting of 11,187 RSUs, representing standard executive equity compensation management and diversification rather than a discretionary indicator of business headwinds.