Loi Nguyen - 15 Feb 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Signature
Loi Nguyen by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Feb 2022
Net transactions value
-$126,314
Form type
4
Filing time
17 Feb 2022, 12:31:37 UTC
Previous filing
28 Dec 2021
Next filing
03 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1,730 +0.83% $0.000000 209,417 15 Feb 2022 Direct
transaction MRVL Common Stock Tax liability $49,397 -666 -0.32% $74.17 208,751 15 Feb 2022 Direct F1
transaction MRVL Common Stock Sale $76,917 -1,064 -0.51% $72.29 207,687 16 Feb 2022 Direct F2

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 -1,730 -10% $0.000000 15,568 15 Feb 2022 Common Stock 1,730 Direct F3, F4
* 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 The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 05/15/2022, 08/15/2022, 11/15/2022, 02/15/2023, 05/15/2023, 08/15/2023, 11/15/2023, 02/15/2024, and 05/15/2024.