Matthew J. Murphy - Jan 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Signature
Matthew Murphy by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2022
Transactions value $
-$3,574,387
Form type
4
Date filed
1/19/2022, 08:58 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 Gift $0 -20K -3.21% $0.00 602K Dec 29, 2021 By Trust F1, F2
transaction MRVL Common Stock Sale -$2.37M -30K -4.98% $79.06 572K Jan 18, 2022 By Trust F2, F3, F4
transaction MRVL Common Stock Options Exercise $0 +7.52K +1.31% $0.00 580K Jan 15, 2022 By Trust F2
transaction MRVL Common Stock Tax liability -$278K -3.35K -0.58% $83.00 577K Jan 15, 2022 By Trust F2, F5
transaction MRVL Common Stock Options Exercise $0 +11.6K +2.01% $0.00 588K Jan 15, 2022 By Trust F2
transaction MRVL Common Stock Tax liability -$401K -4.83K -0.82% $83.00 583K Jan 15, 2022 By Trust F2, F5
transaction MRVL Common Stock Options Exercise $0 +14.9K +2.56% $0.00 598K Jan 15, 2022 By Trust F2
transaction MRVL Common Stock Tax liability -$523K -6.3K -1.05% $83.00 592K Jan 15, 2022 By Trust F2, F5

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 -7.52K -10% $0.00 67.7K Jan 15, 2022 Common Stock 7.52K Direct F6, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -11.6K -50% $0.00 11.6K Jan 15, 2022 Common Stock 11.6K Direct F6, F8
transaction MRVL Restricted Stock Units Options Exercise $0 -14.9K -16.67% $0.00 74.5K Jan 15, 2022 Common Stock 14.9K Direct F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is a bona fide gift of 20,000 shares. No value was received for the gifted shares. Transaction voluntarily reported earlier than required.
F2 Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
F3 The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.51 to $81.42, 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.
F5 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F6 Each restricted stock unit represents a contingent right to receive one Marvell common share upon vesting.
F7 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.
F8 The remaining RSUs will fully vest on 04/15/2022.
F9 The remaining RSUs will vest on 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.