Chris Koopmans - Apr 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Chief Operations Officer
Signature
/s/ Christopher Koopmans by Blair Walters as attorney-in-fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2022
Transactions value $
-$1,838,611
Form type
4
Date filed
4/19/2022, 08:26 PM
Previous filing
Jan 19, 2022
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +2.29K +2.87% $0.00 81.9K Apr 15, 2022 By Family Trust F1
transaction MRVL Common Stock Tax liability -$69.1K -1.13K -1.38% $60.97 80.8K Apr 15, 2022 By Family Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +54.8K +67.86% $0.00 136K Apr 15, 2022 By Family Trust F1
transaction MRVL Common Stock Tax liability -$1.66M -27.2K -20.04% $60.97 108K Apr 15, 2022 By Family Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2.32K +2.14% $0.00 111K Apr 15, 2022 By Family Trust F1
transaction MRVL Common Stock Tax liability -$70.2K -1.15K -1.04% $60.97 110K Apr 15, 2022 By Family Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1.38K +1.26% $0.00 111K Apr 15, 2022 By Family Trust F1
transaction MRVL Common Stock Tax liability -$41.9K -687 -0.62% $60.97 110K Apr 15, 2022 By Family Trust F1, 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 -2.29K -100% $0.00* 0 Apr 15, 2022 Common Stock 2.29K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -54.8K -100% $0.00* 0 Apr 15, 2022 Common Stock 54.8K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2.32K -20% $0.00 9.28K Apr 15, 2022 Common Stock 2.32K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1.38K -11.11% $0.00 11.1K Apr 15, 2022 Common Stock 1.38K Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +26.2K $0.00 26.2K Apr 15, 2022 Common Stock 26.2K Direct F3, F8
transaction MRVL Restricted Stock Units Award $0 +16.4K $0.00 16.4K Apr 15, 2022 Common Stock 16.4K Direct F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F4 This award fully vested on April 15, 2022.
F5 This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019. 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 04/15/2022.
F6 The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.
F7 The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F8 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.
F9 The RSUs will vest in equal quarterly installments over three years.