Matthew J. Murphy - Apr 15, 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
Stock symbol
MRVL
Transactions as of
Apr 15, 2023
Transactions value $
-$7,932,980
Form type
4
Date filed
4/18/2023, 05:38 PM
Previous filing
Jan 18, 2023
Next filing
Jun 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +14.9K +2.07% $0.00 736K Apr 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$254K -6.3K -0.86% $40.29 730K Apr 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +7.52K +1.03% $0.00 738K Apr 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$131K -3.25K -0.44% $40.29 734K Apr 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +6.15K +0.84% $0.00 740K Apr 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$105K -2.61K -0.35% $40.29 738K Apr 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +437K +59.27% $0.00 1.18M Apr 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$7.44M -185K -15.72% $40.29 991K Apr 15, 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 -14.9K -100% $0.00* 0 Apr 15, 2023 Common Stock 14.9K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -7.52K -20% $0.00 30.1K Apr 15, 2023 Common Stock 7.52K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -6.15K -11.11% $0.00 49.2K Apr 15, 2023 Common Stock 6.15K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -437K -100% $0.00* 0 Apr 15, 2023 Common Stock 437K Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +132K $0.00 132K Apr 15, 2023 Common Stock 132K 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.