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

Role
Chief Financial Officer
Signature
Jean Hu by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jul 15, 2021
Transactions value $
-$257,000
Form type
4
Date filed
7/19/2021, 04:21 PM
Previous filing
Jun 21, 2021
Next filing
Aug 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +2.46K +2.53% $0.00 99.7K Jul 15, 2021 Direct F1
transaction MRVL Common Stock Tax liability -$54K -969 -0.97% $55.70 98.7K Jul 15, 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3.87K +3.92% $0.00 103K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$102K -1.83K -1.79% $55.70 101K Jul 15, 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3.98K +3.95% $0.00 105K Jul 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$101K -1.81K -1.73% $55.70 103K Jul 15, 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 -2.46K -8.33% $0.00 27.1K Jul 15, 2021 Common Stock 2.46K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3.87K -25% $0.00 11.6K Jul 15, 2021 Common Stock 3.87K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3.98K -12.5% $0.00 27.8K Jul 15, 2021 Common Stock 3.98K 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.