Dean E. Jarnac Jr. - 15 Jul 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 Jul 2021
Net transactions value
-$126,049
Form type
4
Filing time
19 Jul 2021, 15:40:03 UTC
Previous filing
17 Jun 2021
Next filing
17 Aug 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 +1,383 +5.1% $0.000000 28,769 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $38,210 -686 -2.4% $55.70 28,083 15 Jul 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +861 +3.1% $0.000000 28,944 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $23,784 -427 -1.5% $55.70 28,517 15 Jul 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,319 +8.1% $0.000000 30,836 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $64,055 -1,150 -3.7% $55.70 29,686 15 Jul 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 -1,383 -8.3% $0.000000 15,223 15 Jul 2021 Common Stock 1,383 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -861 -25% $0.000000 2,584 15 Jul 2021 Common Stock 861 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,319 -12% $0.000000 16,237 15 Jul 2021 Common Stock 2,319 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.