Dean E. Jarnac Jr. - 15 May 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 May 2021
Net transactions value
-$39,154
Form type
4
Filing time
18 May 2021, 10:52:58 UTC
Next filing
17 Jun 2021
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 +1,387 +5.6% $0.000000 26,310 15 May 2021 Direct
transaction MRVL Common Stock Tax liability $29,832 -688 -2.6% $43.36 25,622 15 May 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +433 +1.7% $0.000000 26,055 15 May 2021 Direct
transaction MRVL Common Stock Tax liability $9,322 -215 -0.83% $43.36 25,840 15 May 2021 Direct F1

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 -1,387 -100% $0.000000* 0 15 May 2021 Common Stock 1,387 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -433 -25% $0.000000 1,301 15 May 2021 Common Stock 433 Direct F2, F4
* 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 ("RSU").
F2 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. ("Marvell") common share upon vesting.
F3 This award fully vested on May 15, 2021.
F4 The remaining RSUs vest quarterly on each of 08/15/2021, 11/15/2021 and 02/22/2022.