Matthew J. Murphy - Oct 15, 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Signature
Matthew Murphy by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Oct 15, 2021
Transactions value $
-$2,282,699
Form type
4
Date filed
10/19/2021, 06:35 PM
Previous filing
Sep 17, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$1.32M -20K -10.66% $65.81 168K Oct 15, 2021 By Trust F1, F2, F3
transaction MRVL Common Stock Options Exercise $0 +7.52K +4.49% $0.00 175K Oct 15, 2021 By Trust F3
transaction MRVL Common Stock Tax liability -$216K -3.28K -1.88% $65.65 172K Oct 15, 2021 By Trust F3, F4
transaction MRVL Common Stock Options Exercise $0 +11.6K +6.75% $0.00 183K Oct 15, 2021 By Trust F3
transaction MRVL Common Stock Tax liability -$345K -5.25K -2.87% $65.65 178K Oct 15, 2021 By Trust F3, F4
transaction MRVL Common Stock Options Exercise $0 +14.9K +8.37% $0.00 193K Oct 15, 2021 By Trust F3
transaction MRVL Common Stock Tax liability -$406K -6.19K -3.2% $65.65 187K Oct 15, 2021 By Trust F3, F4

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 -7.52K -9.09% $0.00 75.2K Oct 15, 2021 Common Stock 7.52K Direct F5, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -11.6K -33.33% $0.00 23.2K Oct 15, 2021 Common Stock 11.6K Direct F5, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -14.9K -14.29% $0.00 89.5K Oct 15, 2021 Common Stock 14.9K Direct F5, F8
* 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 $65.44 to $66.25, 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.
F3 Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
F4 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F5 Each restricted stock unit represents a contingent right to receive one Marvell common share upon vesting.
F6 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.
F7 The remaining RSUs will vest on 01/15/2022 and 04/15/2022.
F8 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.