Jean X. Hu - 15 Jul 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Financial Officer
Signature
Jean Hu by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2021
Net transactions value
-$257,000
Form type
4
Filing time
19 Jul 2021, 16:21:26 UTC
Previous filing
21 Jun 2021
Next filing
12 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 +2,460 +2.5% $0.000000 99,713 15 Jul 2021 Direct F1
transaction MRVL Common Stock Tax liability $53,973 -969 -0.97% $55.70 98,744 15 Jul 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3,866 +3.9% $0.000000 102,610 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $102,098 -1,833 -1.8% $55.70 100,777 15 Jul 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3,976 +3.9% $0.000000 104,753 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $100,928 -1,812 -1.7% $55.70 102,941 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 -2,460 -8.3% $0.000000 27,061 15 Jul 2021 Common Stock 2,460 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3,866 -25% $0.000000 11,599 15 Jul 2021 Common Stock 3,866 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3,976 -12% $0.000000 27,834 15 Jul 2021 Common Stock 3,976 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 Plan 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 RSUs 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 RSUs 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.