Loi Nguyen - Dec 1, 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
Dec 1, 2021
Transactions value $
-$211,998
Form type
4
Date filed
12/3/2021, 03:05 PM
Previous filing
Nov 17, 2021
Next filing
Dec 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +3K +1.38% $0.00 220K Dec 1, 2021 Direct F1
transaction MRVL Common Stock Tax liability -$106K -1.49K -0.68% $70.95 219K Dec 1, 2021 Direct F2
transaction MRVL Common Stock Sale -$106K -1.51K -0.69% $70.34 217K Dec 2, 2021 Direct 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 -3K -10% $0.00 27K Dec 1, 2021 Common Stock 3K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number was adjusted due to a system error pursuant to which 5997 shares were not reported when they originally vested and 2995 shares were sold to pay taxes due upon such vesting.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSUs will vest on 03/01/22, 06/01/22, 09/01/22, 12/01/22, 03/01/23, 06/01/23, 09/01/23, 12/01/23, 03/01/24.