Muhammad Raghib Hussain - 15 Apr 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
/s/ Muhammad Raghib Hussain, by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Net transactions value
-$3,604,464
Form type
4
Filing time
18 Apr 2023, 18:11:55 UTC
Previous filing
02 Feb 2023
Next filing
13 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 +6,959 +0.92% $0.000000 764,301 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $139,041 -3,451 -0.45% $40.29 760,850 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,306 +0.43% $0.000000 764,156 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $66,076 -1,640 -0.21% $40.29 762,516 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,171 +0.42% $0.000000 765,687 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $63,376 -1,573 -0.21% $40.29 764,114 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +167,000 +22% $0.000000 931,114 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $3,335,972 -82,799 -8.9% $40.29 848,315 15 Apr 2023 Direct F1
holding MRVL Common Stock 88,081 15 Apr 2023 By Family Trusts 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 -6,959 -100% $0.000000* 0 15 Apr 2023 Common Stock 6,959 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3,306 -20% $0.000000 13,223 15 Apr 2023 Common Stock 3,306 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3,171 -11% $0.000000 25,368 15 Apr 2023 Common Stock 3,171 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -167,000 -100% $0.000000* 0 15 Apr 2023 Common Stock 167,000 Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +63,777 $0.000000 63,777 15 Apr 2023 Common Stock 63,777 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 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
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.