Willem A. Meintjes - 15 Jul 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
SVP, Chief Accounting Officer
Signature
Willem Meintjes by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2021
Net transactions value
-$70,850
Form type
4
Filing time
19 Jul 2021, 16:25:01 UTC
Previous filing
17 Jun 2021
Next filing
19 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 +538 +1.6% $0.000000 34,674 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $11,808 -212 -0.61% $55.70 34,462 15 Jul 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,133 +3.3% $0.000000 35,595 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $29,800 -535 -1.5% $55.70 35,060 15 Jul 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,159 +3.3% $0.000000 36,219 15 Jul 2021 Direct
transaction MRVL Common Stock Tax liability $29,242 -525 -1.4% $55.70 35,694 15 Jul 2021 Direct F1

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 -538 -8.3% $0.000000 5,920 15 Jul 2021 Common Stock 538 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -1,133 -25% $0.000000 3,401 15 Jul 2021 Common Stock 1,133 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,159 -12% $0.000000 8,119 15 Jul 2021 Common Stock 1,159 Direct F2, F5
* 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 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 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.
F4 The remaining RSUs will vest on 10/15/2021, 01/15/2022 and 04/15/2022.
F5 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.