Willem A. Meintjes - Apr 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
SVP, Chief Accounting Officer
Signature
/s/ Willem Meintjes by Blair Walters as attorney-in-fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2022
Transactions value $
-$788,769
Form type
4
Date filed
4/19/2022, 08:56 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 +1.13K +1.82% $0.00 63.4K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$21K -344 -0.54% $60.97 63.1K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +27.2K +43.12% $0.00 90.3K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$740K -12.1K -13.44% $60.97 78.2K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.16K +1.48% $0.00 79.3K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$19.9K -327 -0.41% $60.97 79K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +538 +0.68% $0.00 79.5K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$8.05K -132 -0.17% $60.97 79.4K Apr 15, 2022 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 -1.13K -100% $0.00* 0 Apr 15, 2022 Common Stock 1.13K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -27.2K -100% $0.00* 0 Apr 15, 2022 Common Stock 27.2K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.16K -20% $0.00 4.64K Apr 15, 2022 Common Stock 1.16K Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -538 -11.11% $0.00 4.31K Apr 15, 2022 Common Stock 538 Direct F2, F6
transaction MRVL Restricted Stock Units Award $0 +9.19K $0.00 9.19K Apr 15, 2022 Common Stock 9.19K Direct F2, F7
* 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 common share upon vesting.
F3 This award fully vested on April 15, 2022.
F4 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.
F5 The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.
F6 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.
F7 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.