NARIMAN YOUSEFI - 01 Mar 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Auto Coherent DSP&Switch
Signature
Nariman Yousefi by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
01 Mar 2022
Net transactions value
-$526,809
Form type
4
Filing time
03 Mar 2022, 12:17:16 UTC
Previous filing
17 Feb 2022
Next filing
20 Apr 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 Options Exercise $0 +12,401 +4.7% $0.000000 274,878 01 Mar 2022 Direct
transaction MRVL Common Stock Tax liability $424,124 -6,530 -2.4% $64.95 268,348 01 Mar 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,001 +1.1% $0.000000 271,349 01 Mar 2022 Direct
transaction MRVL Common Stock Tax liability $102,686 -1,581 -0.58% $64.95 269,768 01 Mar 2022 Direct F1

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 -12,401 -33% $0.000000 24,801 01 Mar 2022 Common Stock 12,401 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -3,001 -11% $0.000000 24,002 01 Mar 2022 Common Stock 3,001 Direct F2, 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 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 The remaining RSU's will vest on 03/01/2023 and 03/01/2024.
F4 The remaining RSUs will vest on 06/01/2022, 09/01/2022, 12/01/2022, 03/01/2023, 06/01/2023, 09/01/2023, 12/01/2023 and 03/01/2024.