Muhammad Raghib Hussain - 15 Oct 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
Muhammad Raghib Hussain by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Oct 2021
Net transactions value
-$566,953
Form type
4
Filing time
19 Oct 2021, 21:32:21 UTC
Previous filing
01 Oct 2021
Next filing
18 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 Gift $0 -300,423 -35% $0.000000 558,908 15 Oct 2021 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,306 +0.59% $0.000000 562,214 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $107,666 -1,640 -0.29% $65.65 560,574 15 Oct 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +6,853 +1.2% $0.000000 567,427 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $223,079 -3,398 -0.6% $65.65 564,029 15 Oct 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +6,959 +1.2% $0.000000 570,988 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $226,558 -3,451 -0.6% $65.65 567,537 15 Oct 2021 Direct F2
transaction MRVL Common Stock Options Exercise $0 +296 +0.05% $0.000000 567,833 15 Oct 2021 Direct
transaction MRVL Common Stock Tax liability $9,651 -147 -0.03% $65.65 567,686 15 Oct 2021 Direct F2
holding MRVL Common Stock 88,081 15 Oct 2021 By Family Trusts F3

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 -3,306 -9.1% $0.000000 33,057 15 Oct 2021 Common Stock 3,306 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -6,853 -33% $0.000000 13,708 15 Oct 2021 Common Stock 6,853 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -6,959 -14% $0.000000 41,750 15 Oct 2021 Common Stock 6,959 Direct F4, F7
transaction MRVL Restricted Stock Units Options Exercise $0 +296 $0.000000* 0 15 Oct 2021 Common Stock 296 Direct F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is a bona fide gift and a voluntary early filing.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F4 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 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.
F6 The remaining RSUs will vest on 01/15/2022 and 04/15/2022.
F7 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.
F8 On October 15, 2021 an RSU grant was made to Mr. Hussain for 296 shares. This grant was made to correct an administrative error. The shares fully vested on the grant date.