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

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jan 2022
Net transactions value
-$194,967
Form type
4
Filing time
19 Jan 2022, 15:26:36 UTC
Previous filing
16 Dec 2021
Next filing
17 Feb 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 +1,384 +2.8% $0.000000 50,265 15 Jan 2022 Direct
transaction MRVL Common Stock Tax liability $57,021 -687 -1.4% $83.00 49,578 15 Jan 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +861 +1.7% $0.000000 50,439 15 Jan 2022 Direct
transaction MRVL Common Stock Tax liability $39,591 -477 -0.95% $83.00 49,962 15 Jan 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,319 +4.6% $0.000000 52,281 15 Jan 2022 Direct
transaction MRVL Common Stock Tax liability $98,355 -1,185 -2.3% $83.00 51,096 15 Jan 2022 Direct F2
holding MRVL Common Stock 30,879 15 Jan 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 -1,384 -10% $0.000000 12,455 15 Jan 2022 Common Stock 1,384 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -861 -50% $0.000000 862 15 Jan 2022 Common Stock 861 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,319 -17% $0.000000 11,598 15 Jan 2022 Common Stock 2,319 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.