Willem Meintjes - Nov 25, 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
SVP, Chief Accounting Officer
Signature
Willem Meintjes by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Nov 25, 2021
Transactions value $
-$2,721,224
Form type
4
Date filed
11/29/2021, 04:15 PM
Previous filing
Oct 19, 2021
Next filing
Dec 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +79.9K +214.45% $0.00 117K Nov 25, 2021 Direct
transaction MRVL Common Stock Tax liability -$2.72M -36.8K -31.44% $73.86 80.4K Nov 25, 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 -79.9K -100% $0.00* 0 Nov 25, 2021 Common Stock 79.9K Direct F2, F3
* 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 This Value Creation Award was granted on 04/15/2019, and its Performance Condition has been satisfied and the shares fully vested on 11/25/2021.