Loi Nguyen - Mar 1, 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
Mar 1, 2022
Transactions value $
-$1,011,311
Form type
4
Date filed
3/3/2022, 07:58 PM
Previous filing
Feb 17, 2022
Next filing
Apr 19, 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 +5.97% $0.00 220K Mar 1, 2022 Direct
transaction MRVL Common Stock Tax liability -$279K -4.29K -1.95% $64.95 216K Mar 1, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3K +1.39% $0.00 219K Mar 1, 2022 Direct
transaction MRVL Common Stock Tax liability -$86.7K -1.34K -0.61% $64.95 217K Mar 1, 2022 Direct F1
transaction MRVL Common Stock Sale -$646K -9.78K -4.5% $66.07 208K Mar 2, 2022 Direct F2, F3

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 F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3K -11.11% $0.00 24K Mar 1, 2022 Common Stock 3K Direct F4, F6
* 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 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.57 to $66.64, 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.
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSU's will vest on 03/01/2023 and 03/01/2024.
F6 The remaining RSU's 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.