Hussain Muhammad Raghib - Apr 15, 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
Stock symbol
MRVL
Transactions as of
Apr 15, 2023
Transactions value $
-$3,604,464
Form type
4
Date filed
4/18/2023, 06:11 PM
Previous filing
Feb 2, 2023
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +6.96K +0.92% $0.00 764K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$139K -3.45K -0.45% $40.29 761K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.31K +0.43% $0.00 764K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$66.1K -1.64K -0.21% $40.29 763K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.17K +0.42% $0.00 766K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$63.4K -1.57K -0.21% $40.29 764K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +167K +21.86% $0.00 931K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$3.34M -82.8K -8.89% $40.29 848K Apr 15, 2023 Direct F1
holding MRVL Common Stock 88.1K Apr 15, 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 -6.96K -100% $0.00* 0 Apr 15, 2023 Common Stock 6.96K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3.31K -20% $0.00 13.2K Apr 15, 2023 Common Stock 3.31K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3.17K -11.11% $0.00 25.4K Apr 15, 2023 Common Stock 3.17K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -167K -100% $0.00* 0 Apr 15, 2023 Common Stock 167K Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +63.8K $0.00 63.8K Apr 15, 2023 Common Stock 63.8K 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.