Dan Christman - 15 Apr 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Storage Business Group
Signature
Dan Christman by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2022
Net transactions value
-$2,411,145
Form type
4
Filing time
19 Apr 2022, 21:46:27 UTC
Previous filing
31 Mar 2022
Next filing
17 May 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 +59,048 +1786% $0.000000 62,354 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $1,784,958 -29,276 -47% $60.97 33,078 15 Apr 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,461 +7.4% $0.000000 35,539 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $74,444 -1,221 -3.4% $60.97 34,318 15 Apr 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,651 +7.7% $0.000000 36,969 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $80,176 -1,315 -3.6% $60.97 35,654 15 Apr 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,614 +4.5% $0.000000 37,268 15 Apr 2022 Direct
transaction MRVL Common Stock Tax liability $48,837 -801 -2.1% $60.97 36,467 15 Apr 2022 Direct F1
transaction MRVL Common Stock Sale $422,730 -7,000 -5.8% $60.39 113,203 18 Apr 2022 By Trust F2, F3, F4

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 -59,048 -100% $0.000000* 0 15 Apr 2022 Common Stock 59,048 Direct F5, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2,461 -100% $0.000000* 0 15 Apr 2022 Common Stock 2,461 Direct F5, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -2,651 -20% $0.000000 10,604 15 Apr 2022 Common Stock 2,651 Direct F5, F8
transaction MRVL Restricted Stock Units Options Exercise $0 -1,614 -11% $0.000000 12,916 15 Apr 2022 Common Stock 1,614 Direct F5, F9
transaction MRVL Restricted Stock Units Award $0 +26,243 $0.000000 26,243 15 Apr 2022 Common Stock 26,243 Direct F5, F10
transaction MRVL Restricted Stock Units Award $0 +8,201 $0.000000 8,201 15 Apr 2022 Common Stock 8,201 Direct F5, F10
* 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 reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reported person.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.25 to $60.56, inclusive. The reporting person undertakes to provide Marvell Technology, Inc., any security holder of Marvell, or the staff of the Securities and Exchange Commission, 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 Shares are held in the Christman Family Trust, U/A DTD and dated 02/02/2011, of which Daniel S. Christman is the trustee.
F5 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
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.
F7 This award fully vested on 04/15/2022.
F8 The remaining RSUs vest quarterly on each of 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.
F9 The remaining RSUs vest quarterly on each of 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.
F10 The RSUs will vest in equal quarterly installments over three years.