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

Role
CEO and President, Director
Signature
Matthew Murphy by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jan 2022
Net transactions value
-$3,574,387
Form type
4
Filing time
19 Jan 2022, 20:58:50 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 Gift $0 -20,000 -3.2% $0.000000 602,349 29 Dec 2021 By Trust F1, F2
transaction MRVL Common Stock Sale $2,371,800 -30,000 -5% $79.06 572,349 18 Jan 2022 By Trust F2, F3, F4
transaction MRVL Common Stock Options Exercise $0 +7,517 +1.3% $0.000000 579,866 15 Jan 2022 By Trust F2
transaction MRVL Common Stock Tax liability $278,216 -3,352 -0.58% $83.00 576,514 15 Jan 2022 By Trust F2, F5
transaction MRVL Common Stock Options Exercise $0 +11,598 +2% $0.000000 588,112 15 Jan 2022 By Trust F2
transaction MRVL Common Stock Tax liability $401,222 -4,834 -0.82% $83.00 583,278 15 Jan 2022 By Trust F2, F5
transaction MRVL Common Stock Options Exercise $0 +14,911 +2.6% $0.000000 598,189 15 Jan 2022 By Trust F2
transaction MRVL Common Stock Tax liability $523,149 -6,303 -1.1% $83.00 591,886 15 Jan 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 -7,517 -10% $0.000000 67,651 15 Jan 2022 Common Stock 7,517 Direct F6, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -11,598 -50% $0.000000 11,599 15 Jan 2022 Common Stock 11,598 Direct F6, F8
transaction MRVL Restricted Stock Units Options Exercise $0 -14,911 -17% $0.000000 74,533 15 Jan 2022 Common Stock 14,911 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.