Muhammad Raghib Hussain - Aug 15, 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
/s/ Muhammad Raghib Hussain, by Blair Walters as attorney-in-fact
Stock symbol
MRVL
Transactions as of
Aug 15, 2021
Transactions value $
-$2,359,256
Form type
4
Date filed
8/17/2021, 06:32 PM
Previous filing
Jul 19, 2021
Next filing
Oct 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +35.5K +4.34% $0.00 855K Aug 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$1.06M -17.6K -2.06% $60.39 838K Aug 15, 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +43.3K +5.16% $0.00 881K Aug 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$1.3M -21.4K -2.43% $60.39 859K Aug 15, 2021 Direct F1
holding MRVL Common Stock 88.1K Aug 15, 2021 By Family Trusts F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MRVL Restricted Stock Units Options Exercise $0 -35.5K -100% $0.00* 0 Aug 15, 2021 Common Stock 35.5K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -43.3K -100% $0.00* 0 Aug 15, 2021 Common Stock 43.3K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F2 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 This award fully vested on August 15, 2021.
F5 This grant is fully vested. Reflects the number of shares earned in respect of performance based RSUs granted on April 15, 2018. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on April 15, 2021.