Jean X. Hu - 15 Oct 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 Oct 2021
Net transactions value
-$300,808
Form type
4
Filing time
18 Oct 2021, 20:34:10 UTC
Previous filing
01 Oct 2021
Next filing
29 Nov 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 +2.4% $0.000000 105,401 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $64,994 -990 -0.94% $65.65 104,411 15 Oct 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,866 +3.7% $0.000000 108,277 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $118,761 -1,809 -1.7% $65.65 106,468 15 Oct 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,977 +3.7% $0.000000 110,445 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $117,054 -1,783 -1.6% $65.65 108,662 15 Oct 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 -2,460 -9.1% $0.000000 24,601 15 Oct 2021 Common Stock 2,460 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -3,866 -33% $0.000000 7,733 15 Oct 2021 Common Stock 3,866 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3,977 -14% $0.000000 23,857 15 Oct 2021 Common Stock 3,977 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 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 01/15/2022 and 04/15/2022.
F5 The remaining RSUs will vest on 01/15/2022, 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.