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

Role
EVP, Storage Business Group
Signature
Dan Christman by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
25 Nov 2021
Net transactions value
-$4,878,305
Form type
4
Filing time
29 Nov 2021, 16:59:02 UTC
Previous filing
18 Oct 2021
Next filing
19 Jan 2022
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 +133,214 +196% $0.000000 201,251 25 Nov 2021 Direct
transaction MRVL Common Stock Tax liability $4,878,305 -66,048 -33% $73.86 135,203 25 Nov 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 -133,214 -100% $0.000000* 0 25 Nov 2021 Common Stock 133,214 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 have now fully vested.