Muhammad Raghib Hussain - 15 Jul 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
Muhammad Raghib Hussain by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2021
Net transactions value
-$472,782
Form type
4
Filing time
19 Jul 2021, 16:18:34 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 +3,305 +0.41% $0.000000 814,279 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $91,292 -1,639 -0.2% $55.70 812,640 15 Jul 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +6,854 +0.84% $0.000000 819,494 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $189,324 -3,399 -0.41% $55.70 816,095 15 Jul 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +6,958 +0.85% $0.000000 823,053 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $192,165 -3,450 -0.42% $55.70 819,603 15 Jul 2021 Direct F1
holding MRVL Common Stock 88,081 15 Jul 2021 By Family Trusts 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 -3,305 -8.3% $0.000000 36,363 15 Jul 2021 Common Stock 3,305 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -6,854 -25% $0.000000 20,561 15 Jul 2021 Common Stock 6,854 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -6,958 -12% $0.000000 48,709 15 Jul 2021 Common Stock 6,958 Direct F3, F6
* 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 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
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 RSU's 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.