Marvell Technology CFO Durn Daniel exercised Options covering 6,469 shares at $0 per share and separately forfeited 3,408 shares at $221.70 per share. The transactions matter to investors tracking insider ownership because they changed his reported share balance and involved derivative securities, with holdings recorded after each transaction.

Key Highlights

  • Durn Daniel’s post-exercise holding included 13,371 Marvell shares.
  • The CFO forfeited 3,408 shares at $221.70 per share.
  • His reported derivative-security balance after the exercise was 19,408.

Marvell Technology, Inc. (NASDAQ: MRVL) CFO Durn Daniel exercised options covering 6,469 shares at $0 per share on Sep. 15, 2026.

Share Exercise and Forfeiture Details

The option exercise left Daniel with 13,371 shares, representing about 48.4% of the resulting share holding described in the transaction details. A separate transaction recorded the forfeiture of 3,408 shares at $221.70 per share, after which his share balance was 9,963. The option exercise also covered 6,469 derivative securities.

Reported Insider Balances After Transactions

The derivative-security transaction left Daniel with 19,408 derivative securities, representing about 25.0% of his prior derivative-securities holding. The forfeiture represented about 25.5% of his prior shares holding. Marvell’s transaction records therefore show separate post-transaction balances for shares and derivative securities.