04/16/2026 | Press release | Distributed by Public on 04/16/2026 17:17
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (5) | 04/15/2026 | A | 32,639 | (6) | (6) | Common Stock | 32,639 | $ 0 | 32,639 | D | ||||
| Restricted Stock Units | (5) | 04/15/2026 | M | 3,435 | (7) | (7) | Common Stock | 3,435 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (5) | 04/15/2026 | M | 2,555 | (8) | (8) | Common Stock | 2,555 | $ 0 | 10,221 | D | ||||
| Restricted Stock Units | (5) | 04/15/2026 | M | 3,822 | (9) | (9) | Common Stock | 3,822 | $ 0 | 30,578 | D | ||||
| Performance Stock Units | (10) | 04/15/2026 | M | 121,158 | (11) | (11) | Common Stock | 121,158 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Meintjes Willem A 5488 MARVELL LANE SANTA CLARA, CA 95054 |
Chief Financial Officer | |||
| /s/ Willem Meintjes by Blair Walters as Attorney-in-Fact | 04/16/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on January 9, 2026. |
| (2) | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.52 to $135.68, 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. |
| (3) | Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units. |
| (4) | Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units. |
| (5) | Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. |
| (6) | The restricted stock units shall vest in equal quarterly installments over a three-year period and were granted pursuant to the annual equity grant program. |
| (7) | This award fully vested on April 15, 2026. |
| (8) | The remaining restricted stock units shall vest on July 15, 2026, October 15, 2026, January 15, 2027 and April 15, 2027. |
| (9) | The remaining restricted stock units shall vest on July 15, 2026, October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028 and April 15, 2028. |
| (10) | Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. |
| (11) | Reflects the number of shares earned with respect to performance stock units that fully vested on April 15, 2026. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were certified on April 15, 2026. |