Loi Nguyen - Nov 15, 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Optical & CC Grp
Signature
Loi Nguyen by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Nov 15, 2021
Transactions value $
-$125,942
Form type
4
Date filed
11/17/2021, 07:22 PM
Previous filing
Sep 28, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.73K +0.81% $0.00 216K Nov 15, 2021 Direct
transaction MRVL Common Stock Tax liability -$62.6K -858 -0.4% $72.92 215K Nov 15, 2021 Direct F1
transaction MRVL Common Stock Sale -$63.4K -872 -0.41% $72.68 214K Nov 16, 2021 Direct F2

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 -1.73K -9.09% $0.00 17.3K Nov 15, 2021 Common Stock 1.73K Direct F3, F4
* 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 The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 02/15/2022, 05/15/2022, 08/15/2022, 11/15/2022, 02/15/2023, 05/15/2023, 08/15/2023, 11/15/2023, 02/15/2024, and 05/15/2024.