Dean Jarnac - Apr 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
Apr 15, 2022
Transactions value $
-$771,698
Form type
4
Date filed
4/19/2022, 09:59 PM
Previous filing
Mar 17, 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 +8.86K +16.94% $0.00 61.1K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$268K -4.39K -7.18% $60.97 56.8K Apr 15, 2022 Direct
transaction MRVL Common Stock Options Exercise $0 +862 +1.52% $0.00 57.6K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$26.1K -428 -0.74% $60.97 57.2K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.32K +4.06% $0.00 59.5K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$70.2K -1.15K -1.93% $60.97 58.4K Apr 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.38K +2.37% $0.00 59.7K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$41.9K -687 -1.15% $60.97 59.1K Apr 15, 2022 Direct F2
transaction MRVL Common Stock Sale -$366K -6K -19.43% $60.96 24.9K Apr 19, 2022 By Trust 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 -8.86K -100% $0.00* 0 Apr 15, 2022 Common Stock 8.86K Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1.38K -11.11% $0.00 11.1K Apr 15, 2022 Common Stock 1.38K Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -862 -100% $0.00* 0 Apr 15, 2022 Common Stock 862 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2.32K -20% $0.00 9.28K Apr 15, 2022 Common Stock 2.32K Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +15.7K $0.00 15.7K Apr 15, 2022 Common Stock 15.7K Direct F2, F8
* 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4 Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
F5 Grant is fully vested.
F6 The remaining RSUs vest quarterly on each of 04/15/2022, 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.
F7 The remaining RSU's will vest on 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.
F8 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.