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

Role
Chief Financial Officer
Signature
Jean Hu by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2022
Transactions value $
-$2,035,467
Form type
4
Date filed
1/19/2022, 03:38 PM
Previous filing
Jan 3, 2022
Next filing
Apr 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$1.78M -22.3K -11.94% $79.94 164K Jan 18, 2022 Direct F1, F2
transaction MRVL Common Stock Options Exercise $0 +2.46K +1.5% $0.00 167K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$51.6K -622 -0.37% $83.00 166K Jan 15, 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +3.87K +2.33% $0.00 170K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$106K -1.28K -0.75% $83.00 169K Jan 15, 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +3.98K +2.36% $0.00 173K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$96.5K -1.16K -0.67% $83.00 172K Jan 15, 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 -2.46K -10% $0.00 22.1K Jan 15, 2022 Common Stock 2.46K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3.87K -49.99% $0.00 3.87K Jan 15, 2022 Common Stock 3.87K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -3.98K -16.67% $0.00 19.9K Jan 15, 2022 Common Stock 3.98K 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.