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

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jul 15, 2021
Transactions value $
-$126,049
Form type
4
Date filed
7/19/2021, 03:40 PM
Previous filing
Jun 17, 2021
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.38K +5.05% $0.00 28.8K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$38.2K -686 -2.38% $55.70 28.1K Jul 15, 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +861 +3.07% $0.00 28.9K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$23.8K -427 -1.48% $55.70 28.5K Jul 15, 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.32K +8.13% $0.00 30.8K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$64.1K -1.15K -3.73% $55.70 29.7K Jul 15, 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 -1.38K -8.33% $0.00 15.2K Jul 15, 2021 Common Stock 1.38K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -861 -24.99% $0.00 2.58K Jul 15, 2021 Common Stock 861 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2.32K -12.5% $0.00 16.2K Jul 15, 2021 Common Stock 2.32K Direct F2, F5
* 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 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 The remaining RSUs vest quarterly on each of 10/15/2021, 01/15/2022, 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F4 The remaining RSUs will vest on each of 10/15/2021, 01/15/2022 and 04/15/2022.
F5 The remaining RSU's will vest on 10/15/2021, 01/15/2022, 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.