MATTHEW J. MURPHY - 15 Apr 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
CEO and President, Director
Signature
/s/ Matthew Murphy by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2022
Transactions value $
-$12,004,482
Form type
4
Filing time
19 Apr 2022, 20:29:33 UTC
Previous filing
17 Mar 2022
Next filing
03 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$1.82M -30K -5.64% $60.64 502K 18 Apr 2022 By Trust F1, F2, F3
transaction MRVL Common Stock Options Exercise $0 +11.6K +2.31% $0.00 513K 15 Apr 2022 By Trust F3
transaction MRVL Common Stock Tax liability -$323K -5.3K -1.03% $60.97 508K 15 Apr 2022 By Trust F3, F4
transaction MRVL Common Stock Options Exercise $0 +333K +65.56% $0.00 841K 15 Apr 2022 By Trust F3
transaction MRVL Common Stock Tax liability -$9.27M -152K -18.08% $60.97 689K 15 Apr 2022 By Trust F3, F4
transaction MRVL Common Stock Options Exercise $0 +14.9K +2.16% $0.00 704K 15 Apr 2022 By Trust F3
transaction MRVL Common Stock Tax liability -$385K -6.31K -0.9% $60.97 698K 15 Apr 2022 By Trust F3, F4
transaction MRVL Common Stock Options Exercise $0 +7.52K +1.08% $0.00 705K 15 Apr 2022 By Trust F3
transaction MRVL Common Stock Tax liability -$203K -3.33K -0.47% $60.97 702K 15 Apr 2022 By Trust F3, F4

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 -11.6K -100% $0.00* 0 15 Apr 2022 Common Stock 11.6K Direct F5, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -333K -100% $0.00* 0 15 Apr 2022 Common Stock 333K Direct F5, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -14.9K -20% $0.00 59.6K 15 Apr 2022 Common Stock 14.9K Direct F5, F8
transaction MRVL Restricted Stock Units Options Exercise $0 -7.52K -11.11% $0.00 60.1K 15 Apr 2022 Common Stock 7.52K Direct F5, F9
transaction MRVL Restricted Stock Units Award $0 +73.8K $0.00 73.8K 15 Apr 2022 Common Stock 73.8K Direct F5, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.16 to $61.22, 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.
F3 Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
F4 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F5 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F6 This award fully vested on April 15, 2022.
F7 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.
F8 The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.
F9 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.
F10 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.