Marvell Technology CAO Justin Scarpulla Disposes Shares for Tax Withholding Following RSU Vesting

Executive Summary

On October 16, 2026, Justin Scarpulla, SVP and Chief Accounting Officer of Marvell Technology, Inc. ($MRVL), filed a Form 4 detailing routine equity compensation activity that occurred on October 15, 2026. The transaction involved the vesting of 510 Restricted Stock Units (RSUs) and a subsequent disposition of 253 shares of common stock to cover required statutory tax withholding.

Transaction Details

• Acquisition (RSU Vesting): 510 shares of common stock were acquired at $0.00 upon the vesting of an equivalent number of RSUs.
• Disposition (Tax Withholding): 253 shares were surrendered at a price of $241.24 per share to satisfy tax withholding obligations, totaling an aggregate value of approximately $61,033.72.
• Direct Holdings Post-Transaction: Following these entries, Justin Scarpulla directly holds 1,166 shares of Marvell common stock and retains 5,100 unvested RSUs scheduled to vest quarterly through April 2029.

Significance & Market Impact

The trading significance of this filing is categorized as Low. The disposition was non-discretionary and executed under transaction code 'F' solely to fulfill tax liabilities associated with RSU vesting. This reflects standard corporate equity plan administration rather than an open-market insider sale driven by market sentiment.