Muhammad Raghib Hussain - Jul 15, 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
Stock symbol
MRVL
Transactions as of
Jul 15, 2021
Transactions value $
-$472,782
Form type
4
Date filed
7/19/2021, 04:18 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 +3.31K +0.41% $0.00 814K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$91.3K -1.64K -0.2% $55.70 813K Jul 15, 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +6.85K +0.84% $0.00 819K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$189K -3.4K -0.41% $55.70 816K Jul 15, 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +6.96K +0.85% $0.00 823K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$192K -3.45K -0.42% $55.70 820K Jul 15, 2021 Direct F1
holding MRVL Common Stock 88.1K Jul 15, 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 -3.31K -8.33% $0.00 36.4K Jul 15, 2021 Common Stock 3.31K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -6.85K -25% $0.00 20.6K Jul 15, 2021 Common Stock 6.85K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -6.96K -12.5% $0.00 48.7K Jul 15, 2021 Common Stock 6.96K 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.