Nariman Yousefi - Mar 1, 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
Stock symbol
MRVL
Transactions as of
Mar 1, 2022
Transactions value $
-$526,809
Form type
4
Date filed
3/3/2022, 12:17 PM
Previous filing
Feb 17, 2022
Next filing
Apr 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +12.4K +4.72% $0.00 275K Mar 1, 2022 Direct
transaction MRVL Common Stock Tax liability -$424K -6.53K -2.38% $64.95 268K Mar 1, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3K +1.12% $0.00 271K Mar 1, 2022 Direct
transaction MRVL Common Stock Tax liability -$103K -1.58K -0.58% $64.95 270K Mar 1, 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 -12.4K -33.33% $0.00 24.8K Mar 1, 2022 Common Stock 12.4K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -3K -11.11% $0.00 24K Mar 1, 2022 Common Stock 3K 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.