Mitchell Gaynor - 14 Apr 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, CALO
Signature
Mitchell Gaynor by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
14 Apr 2022
Net transactions value
-$2,444,318
Form type
4
Filing time
18 Apr 2022, 21:07:43 UTC
Previous filing
16 Mar 2022
Next filing
17 Jun 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 Sale $318,050 -5,000 -5% $63.61 94,531 14 Apr 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +63,266 +67% $0.000000 157,797 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $1,912,507 -31,368 -20% $60.97 126,429 15 Apr 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,637 +2.1% $0.000000 129,066 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $79,749 -1,308 -1% $60.97 127,758 15 Apr 2022 Direct
transaction MRVL Common Stock Options Exercise $0 +2,817 +2.2% $0.000000 130,575 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $85,175 -1,397 -1.1% $60.97 129,178 15 Apr 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +1,614 +1.2% $0.000000 130,792 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $48,837 -801 -0.61% $60.97 129,991 15 Apr 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 -63,266 -100% $0.000000* 0 15 Apr 2022 Common Stock 63,266 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,637 -100% $0.000000* 0 15 Apr 2022 Common Stock 2,637 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,817 -20% $0.000000 11,266 15 Apr 2022 Common Stock 2,817 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,614 -11% $0.000000 12,916 15 Apr 2022 Common Stock 1,614 Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +15,090 $0.000000 15,090 15 Apr 2022 Common Stock 15,090 Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reported person.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on 04/15/2022.
F5 This award fully vested on April 15, 2022.
F6 The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.
F7 The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F8 The Restricted Stock Units (RSUs) will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.