Jean X. Hu - Oct 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
Oct 15, 2021
Transactions value $
-$300,808
Form type
4
Date filed
10/18/2021, 08:34 PM
Previous filing
Oct 1, 2021
Next filing
Nov 29, 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 +2.39% $0.00 105K Oct 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$65K -990 -0.94% $65.65 104K Oct 15, 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.87K +3.7% $0.00 108K Oct 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$119K -1.81K -1.67% $65.65 106K Oct 15, 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.98K +3.74% $0.00 110K Oct 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$117K -1.78K -1.61% $65.65 109K Oct 15, 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 -2.46K -9.09% $0.00 24.6K Oct 15, 2021 Common Stock 2.46K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -3.87K -33.33% $0.00 7.73K Oct 15, 2021 Common Stock 3.87K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3.98K -14.29% $0.00 23.9K Oct 15, 2021 Common Stock 3.98K 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.