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

Role
EVP, Optical & CC Grp
Signature
Loi Nguyen by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Feb 15, 2022
Transactions value $
-$126,314
Form type
4
Date filed
2/17/2022, 12:31 PM
Previous filing
Dec 28, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.73K +0.83% $0.00 209K Feb 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$49.4K -666 -0.32% $74.17 209K Feb 15, 2022 Direct F1
transaction MRVL Common Stock Sale -$76.9K -1.06K -0.51% $72.29 208K Feb 16, 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 -1.73K -10% $0.00 15.6K Feb 15, 2022 Common Stock 1.73K 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.