Dean E. Jarnac Jr. - 15 Apr 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Executive Vice President, Worldwide Sales
Signature
/s/ Dean E. Jarnac, Jr. by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Net transactions value
-$1,212,326
Form type
4
Filing time
18 Apr 2023, 17:40:21 UTC
Previous filing
03 Feb 2023
Next filing
19 May 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 +2,320 +3.4% $0.000000 71,284 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $46,374 -1,151 -1.6% $40.29 70,133 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,384 +2% $0.000000 71,517 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $27,679 -687 -0.96% $40.29 70,830 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,312 +1.9% $0.000000 72,142 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $26,229 -651 -0.9% $40.29 71,491 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +55,668 +78% $0.000000 127,159 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $1,112,044 -27,601 -22% $40.29 99,558 15 Apr 2023 Direct F1
holding MRVL Common Stock 18,879 15 Apr 2023 By Trust 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 -2,320 -100% $0.000000* 0 15 Apr 2023 Common Stock 2,320 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,384 -20% $0.000000 5,536 15 Apr 2023 Common Stock 1,384 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,312 -11% $0.000000 10,498 15 Apr 2023 Common Stock 1,312 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -55,668 -100% $0.000000* 0 15 Apr 2023 Common Stock 55,668 Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +31,398 $0.000000 31,398 15 Apr 2023 Common Stock 31,398 Direct F3, F8
* 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 Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
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.

Remarks:

Executive Vice President, Worldwide Sales