Matthew J. Murphy - 15 Apr 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
CEO and President, Director
Signature
/s/ Matthew J. Murphy by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Net transactions value
-$7,932,980
Form type
4
Filing time
18 Apr 2023, 17:38:27 UTC
Previous filing
18 Jan 2023
Next filing
22 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +14,911 +2.1% $0.000000 736,378 15 Apr 2023 By Trust F1
transaction MRVL Common Stock Tax liability $253,787 -6,299 -0.86% $40.29 730,079 15 Apr 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +7,517 +1% $0.000000 737,596 15 Apr 2023 By Trust F1
transaction MRVL Common Stock Tax liability $130,942 -3,250 -0.44% $40.29 734,346 15 Apr 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +6,151 +0.84% $0.000000 740,497 15 Apr 2023 By Trust F1
transaction MRVL Common Stock Tax liability $105,157 -2,610 -0.35% $40.29 737,887 15 Apr 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +437,376 +59% $0.000000 1,175,263 15 Apr 2023 By Trust F1
transaction MRVL Common Stock Tax liability $7,443,094 -184,738 -16% $40.29 990,525 15 Apr 2023 By 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 -14,911 -100% $0.000000* 0 15 Apr 2023 Common Stock 14,911 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -7,517 -20% $0.000000 30,067 15 Apr 2023 Common Stock 7,517 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -6,151 -11% $0.000000 49,205 15 Apr 2023 Common Stock 6,151 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -437,376 -100% $0.000000* 0 15 Apr 2023 Common Stock 437,376 Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +132,459 $0.000000 132,459 15 Apr 2023 Common Stock 132,459 Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
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, 2023.
F5 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F7 This award is fully vested. Reflects the number of shares earned in respect of performance based RSUs granted on 04/15/2020. 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 04/14/2023.
F8 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.