Matthew J. Murphy - Nov 25, 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
CEO and President, Director
Signature
Matthew Murphy by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Nov 25, 2021
Transactions value $
-$28,996,476
Form type
4
Date filed
11/29/2021, 06:57 PM
Previous filing
Nov 17, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +888K +566.26% $0.00 1.04M Nov 25, 2021 By Trust F1
transaction MRVL Common Stock Tax liability -$29M -393K -37.57% $73.86 652K Nov 25, 2021 By Trust F1, 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 -888K -100% $0.00* 0 Nov 25, 2021 Common Stock 888K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F4 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.