Jean X. Hu - 15 Apr 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Financial Officer
Signature
Jean Hu by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2022
Net transactions value
-$2,871,199
Form type
4
Filing time
19 Apr 2022, 15:58:00 UTC
Previous filing
01 Apr 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 Options Exercise $0 +92,788 +54% $0.000000 264,392 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $2,595,859 -42,576 -16% $60.97 221,816 15 Apr 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,867 +1.7% $0.000000 225,683 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $108,222 -1,775 -0.79% $60.97 223,908 15 Apr 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,976 +1.8% $0.000000 227,884 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $106,393 -1,745 -0.77% $60.97 226,139 15 Apr 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,460 +1.1% $0.000000 228,599 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $60,726 -996 -0.44% $60.97 227,603 15 Apr 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 -3,867 -100% $0.000000* 0 15 Apr 2022 Common Stock 3,867 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -3,976 -20% $0.000000 15,905 15 Apr 2022 Common Stock 3,976 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,460 -11% $0.000000 19,681 15 Apr 2022 Common Stock 2,460 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -92,788 -100% $0.000000* 0 15 Apr 2022 Common Stock 92,788 Direct F2, F6
transaction MRVL Restricted Stock Units Award $0 +31,491 $0.000000 31,491 15 Apr 2022 Common Stock 31,491 Direct F2, F7
* 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 award fully vested on 04/15/2022.
F4 The remaining RSUs will vest on 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.
F5 The remaining RSUs will vest on 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6 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.
F7 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.