Jean X. Hu - 15 Jan 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Financial Officer
Signature
Jean Hu by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jan 2022
Net transactions value
-$2,035,467
Form type
4
Filing time
19 Jan 2022, 15:38:17 UTC
Previous filing
03 Jan 2022
Next filing
01 Apr 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 Sale $1,780,823 -22,277 -12% $79.94 164,370 18 Jan 2022 Direct F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,460 +1.5% $0.000000 166,830 15 Jan 2022 Direct
transaction MRVL Common Stock Tax liability $51,626 -622 -0.37% $83.00 166,208 15 Jan 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +3,866 +2.3% $0.000000 170,074 15 Jan 2022 Direct
transaction MRVL Common Stock Tax liability $106,489 -1,283 -0.75% $83.00 168,791 15 Jan 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +3,976 +2.4% $0.000000 172,767 15 Jan 2022 Direct
transaction MRVL Common Stock Tax liability $96,529 -1,163 -0.67% $83.00 171,604 15 Jan 2022 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 -2,460 -10% $0.000000 22,141 15 Jan 2022 Common Stock 2,460 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3,866 -50% $0.000000 3,867 15 Jan 2022 Common Stock 3,866 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -3,976 -17% $0.000000 19,881 15 Jan 2022 Common Stock 3,976 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reported person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.16 to $80.89, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F5 The remaining RSUs will vest on 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.
F6 The remaining RSUs will fully vest on 04/15/2022.
F7 The remaining RSUs will vest on 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.