MATTHEW J. MURPHY - 15 Jul 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
CEO and President, Director
Signature
Matthew Murphy by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2021
Net transactions value
-$1,919,994
Form type
4
Filing time
19 Jul 2021, 16:56:50 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 Sale $965,513 -17,300 -7.6% $55.81 210,600 15 Jul 2021 By Trust F1, F2, F3
transaction MRVL Common Stock Sale $152,847 -2,700 -1.3% $56.61 207,900 15 Jul 2021 By Trust F1, F3, F4
transaction MRVL Common Stock Options Exercise $0 +7,516 +3.6% $0.000000 215,416 15 Jul 2021 By Trust F3
transaction MRVL Common Stock Tax liability $172,224 -3,092 -1.4% $55.70 212,324 15 Jul 2021 By Trust F3, F5
transaction MRVL Common Stock Options Exercise $0 +11,598 +5.5% $0.000000 223,922 15 Jul 2021 By Trust F3
transaction MRVL Common Stock Tax liability $291,979 -5,242 -2.3% $55.70 218,680 15 Jul 2021 By Trust F3, F5
transaction MRVL Common Stock Options Exercise $0 +14,910 +6.8% $0.000000 233,590 15 Jul 2021 By Trust F3
transaction MRVL Common Stock Tax liability $337,431 -6,058 -2.6% $55.70 227,532 15 Jul 2021 By Trust F3, F5

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 -7,516 -8.3% $0.000000 82,685 15 Jul 2021 Common Stock 7,516 Direct F6, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -11,598 -25% $0.000000 34,796 15 Jul 2021 Common Stock 11,598 Direct F6, F8
transaction MRVL Restricted Stock Units Options Exercise $0 -14,910 -12% $0.000000 104,375 15 Jul 2021 Common Stock 14,910 Direct F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.39 to $56.37, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.39 to $56.92, inclusive. The reporting person undertakes to provide Marvell , any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F5 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F6 Each restricted stock unit represents a contingent right to receive one Marvell common share upon vesting.
F7 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.
F8 The remaining RSUs will vest on 10/15/2021, 01/15/2022 and 04/15/2022.
F9 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.