Nariman Yousefi - Aug 15, 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Auto Coherent DSP&Switch
Signature
/s/ Nariman Yousefi, by Blair Walters as attorney-in-fact
Stock symbol
MRVL
Transactions as of
Aug 15, 2021
Transactions value $
-$51,815
Form type
4
Date filed
8/17/2021, 06:34 PM
Previous filing
Jun 29, 2021
Next filing
Sep 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.73K +0.93% $0.00 188K Aug 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$51.8K -858 -0.46% $60.39 187K Aug 15, 2021 Direct F1

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 -1.73K -8.33% $0.00 19K Aug 15, 2021 Common Stock 1.73K Direct F2, F3
* 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 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 The remaining RSUs vest on 11/15/2021, 02/15/2022, 05/15/2022, 08/15/2022, 11/15/2022, 02/15/2023, 05/15/2023, 08/15/2023, 11/15/2023, 02/15/2024, and 05/15/2024.