Dan Christman - Apr 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Storage Products Group
Signature
/s/ Dan Christman by Blair Walters as attorney-in-fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2023
Transactions value $
-$1,413,494
Form type
4
Date filed
4/18/2023, 08:14 PM
Previous filing
Feb 13, 2023
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +2.65K +5.57% $0.00 50.3K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$53K -1.32K -2.62% $40.29 49K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.62K +3.3% $0.00 50.6K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$32.3K -801 -1.58% $40.29 49.8K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.19K +4.39% $0.00 52K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$43.7K -1.09K -2.09% $40.29 50.9K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +683 +1.34% $0.00 51.6K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$13.7K -339 -0.66% $40.29 51.2K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +63.6K +124.19% $0.00 115K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$1.27M -31.5K -27.46% $40.29 83.3K Apr 15, 2023 Direct F1
holding MRVL Common Stock 85.4K 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 -2.65K -100% $0.00* 0 Apr 15, 2023 Common Stock 2.65K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.62K -20% $0.00 6.46K Apr 15, 2023 Common Stock 1.62K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2.19K -11.11% $0.00 17.5K Apr 15, 2023 Common Stock 2.19K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -683 -11.1% $0.00 5.47K Apr 15, 2023 Common Stock 683 Direct F3, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -63.6K -100% $0.00* 0 Apr 15, 2023 Common Stock 63.6K Direct F3, F8
transaction MRVL Restricted Stock Units Award $0 +41.2K $0.00 41.2K Apr 15, 2023 Common Stock 41.2K Direct F3, F9
* 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 the Christman Family Trust, U/A DTD dated 02/02/2011, of which Daniel S. Christman is the trustee.
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 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.
F8 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.
F9 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.