Dean E. Jarnac Jr. - 15 Jun 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 Jun 2021
Net transactions value
-$51,393
Form type
4
Filing time
17 Jun 2021, 14:56:58 UTC
Previous filing
18 May 2021
Next filing
19 Jul 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 +1,933 +7.3% $0.000000 28,345 15 Jun 2021 Direct F1
transaction MRVL Common Stock Tax liability $51,393 -959 -3.4% $53.59 27,386 15 Jun 2021 Direct 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 -1,933 -17% $0.000000 9,668 15 Jun 2021 Common Stock 1,933 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 572 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2021.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSU").
F3 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. ("Marvell") common share upon vesting.
F4 The remaining RSUs vest quarterly on each of 09/15/2021, 12/15/2021, 03/15/2022, 06/15/2022 and 09/15/2022.