Dean Jarnac - Apr 15, 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
Stock symbol
MRVL
Transactions as of
Apr 15, 2023
Transactions value $
-$1,212,326
Form type
4
Date filed
4/18/2023, 05:40 PM
Previous filing
Feb 3, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +2.32K +3.36% $0.00 71.3K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$46.4K -1.15K -1.61% $40.29 70.1K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.38K +1.97% $0.00 71.5K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$27.7K -687 -0.96% $40.29 70.8K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.31K +1.85% $0.00 72.1K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$26.2K -651 -0.9% $40.29 71.5K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +55.7K +77.87% $0.00 127K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$1.11M -27.6K -21.71% $40.29 99.6K Apr 15, 2023 Direct F1
holding MRVL Common Stock 18.9K Apr 15, 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 -2.32K -100% $0.00* 0 Apr 15, 2023 Common Stock 2.32K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.38K -20% $0.00 5.54K Apr 15, 2023 Common Stock 1.38K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1.31K -11.11% $0.00 10.5K Apr 15, 2023 Common Stock 1.31K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -55.7K -100% $0.00* 0 Apr 15, 2023 Common Stock 55.7K Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +31.4K $0.00 31.4K Apr 15, 2023 Common Stock 31.4K 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