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

Role
Chief Financial Officer
Signature
Jean Hu by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2022
Transactions value $
-$2,871,199
Form type
4
Date filed
4/19/2022, 03:58 PM
Previous filing
Apr 1, 2022
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +92.8K +54.07% $0.00 264K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$2.6M -42.6K -16.1% $60.97 222K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.87K +1.74% $0.00 226K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$108K -1.78K -0.79% $60.97 224K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.98K +1.78% $0.00 228K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$106K -1.75K -0.77% $60.97 226K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.46K +1.09% $0.00 229K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$60.7K -996 -0.44% $60.97 228K Apr 15, 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 -3.87K -100% $0.00* 0 Apr 15, 2022 Common Stock 3.87K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -3.98K -20% $0.00 15.9K Apr 15, 2022 Common Stock 3.98K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2.46K -11.11% $0.00 19.7K Apr 15, 2022 Common Stock 2.46K Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -92.8K -100% $0.00* 0 Apr 15, 2022 Common Stock 92.8K Direct F2, F6
transaction MRVL Restricted Stock Units Award $0 +31.5K $0.00 31.5K Apr 15, 2022 Common Stock 31.5K 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.