Dean E. Jarnac Jr. - 15 Oct 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Oct 2021
Net transactions value
-$148,697
Form type
4
Filing time
19 Oct 2021, 12:49:45 UTC
Previous filing
17 Sep 2021
Next filing
17 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 +1,384 +4.5% $0.000000 32,263 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $45,102 -687 -2.1% $65.65 31,576 15 Oct 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +861 +2.7% $0.000000 32,437 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $28,033 -427 -1.3% $65.65 32,010 15 Oct 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,320 +7.2% $0.000000 34,330 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $75,563 -1,151 -3.4% $65.65 33,179 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 -1,384 -9.1% $0.000000 13,839 15 Oct 2021 Common Stock 1,384 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -861 -33% $0.000000 1,723 15 Oct 2021 Common Stock 861 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,320 -14% $0.000000 13,917 15 Oct 2021 Common Stock 2,320 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 RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 The remaining RSUs vest quarterly on each of 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 each of 01/15/2022 and 04/15/2022.
F5 The remaining RSU's will vest on 01/15/2022, 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.