Dan Christman - 15 Apr 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
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Net transactions value
-$1,413,494
Form type
4
Filing time
18 Apr 2023, 20:14:13 UTC
Previous filing
13 Feb 2023
Next filing
26 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 +2,651 +5.6% $0.000000 50,285 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $52,981 -1,315 -2.6% $40.29 48,970 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,615 +3.3% $0.000000 50,585 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $32,272 -801 -1.6% $40.29 49,784 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,187 +4.4% $0.000000 51,971 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $43,715 -1,085 -2.1% $40.29 50,886 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +683 +1.3% $0.000000 51,569 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $13,658 -339 -0.66% $40.29 51,230 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +63,620 +124% $0.000000 114,850 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $1,270,867 -31,543 -27% $40.29 83,307 15 Apr 2023 Direct F1
holding MRVL Common Stock 85,425 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 -2,651 -100% $0.000000* 0 15 Apr 2023 Common Stock 2,651 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,615 -20% $0.000000 6,458 15 Apr 2023 Common Stock 1,615 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,187 -11% $0.000000 17,496 15 Apr 2023 Common Stock 2,187 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -683 -11% $0.000000 5,468 15 Apr 2023 Common Stock 683 Direct F3, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -63,620 -100% $0.000000* 0 15 Apr 2023 Common Stock 63,620 Direct F3, F8
transaction MRVL Restricted Stock Units Award $0 +41,210 $0.000000 41,210 15 Apr 2023 Common Stock 41,210 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.