Dean Jarnac - Jan 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2022
Transactions value $
-$194,967
Form type
4
Date filed
1/19/2022, 03:26 PM
Previous filing
Dec 16, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.38K +2.83% $0.00 50.3K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$57K -687 -1.37% $83.00 49.6K Jan 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +861 +1.74% $0.00 50.4K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$39.6K -477 -0.95% $83.00 50K Jan 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.32K +4.64% $0.00 52.3K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$98.4K -1.19K -2.27% $83.00 51.1K Jan 15, 2022 Direct F2
holding MRVL Common Stock 30.9K Jan 15, 2022 By Trust 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 -1.38K -10% $0.00 12.5K Jan 15, 2022 Common Stock 1.38K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -861 -49.97% $0.00 862 Jan 15, 2022 Common Stock 861 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2.32K -16.66% $0.00 11.6K Jan 15, 2022 Common Stock 2.32K Direct F2, F6
* 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 Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
F4 The remaining RSUs vest quarterly on each of 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F5 The remaining RSUs fully vest on 4/15/2022.
F6 The remaining RSU's will vest on 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.