Dean Jarnac - Mar 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Mar 15, 2022
Transactions value $
-$63,083
Form type
4
Date filed
3/17/2022, 05:14 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 +1.93K +3.77% $0.00 53.2K Mar 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$63.1K -959 -1.8% $65.78 52.3K Mar 15, 2022 Direct F1
holding MRVL Common Stock 30.9K Mar 15, 2022 By Trust 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 -1.93K -33.34% $0.00 3.87K Mar 15, 2022 Common Stock 1.93K 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 Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs vest quarterly on each of 06/15/2022 and 09/15/2022.