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

Role
EVP, Storage Business Group
Signature
Dan Christman by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2021
Net transactions value
-$185,871
Form type
4
Filing time
19 Jul 2021, 16:14:39 UTC
Next filing
18 Oct 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 +1,614 +2.6% $0.000000 62,873 15 Jul 2021 Direct F1
transaction MRVL Common Stock Tax liability $44,616 -801 -1.3% $55.70 62,072 15 Jul 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,461 +4% $0.000000 64,533 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $68,010 -1,221 -1.9% $55.70 63,312 15 Jul 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,651 +4.2% $0.000000 65,963 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $73,246 -1,315 -2% $55.70 64,648 15 Jul 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 -1,614 -8.3% $0.000000 17,759 15 Jul 2021 Common Stock 1,614 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,461 -25% $0.000000 7,381 15 Jul 2021 Common Stock 2,461 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,651 -13% $0.000000 18,556 15 Jul 2021 Common Stock 2,651 Direct F3, F6
* 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 Program on June 7, 2021.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 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, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F5 The remaining RSUs will vest on 10/15/2021, 01/15/2022 and 04/15/2022.
F6 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.