Hussain Muhammad Raghib - Apr 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
Muhammad Raghib Hussain by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2022
Transactions value $
-$8,286,225
Form type
4
Date filed
4/20/2022, 09:24 PM
Previous filing
Feb 1, 2022
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$2.8M -45.8K -6.89% $61.08 618K Apr 19, 2022 Direct F1, F2
transaction MRVL Common Stock Options Exercise $0 +164K +26.6% $0.00 783K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$4.97M -81.6K -10.42% $60.97 701K Apr 15, 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +6.85K +0.98% $0.00 708K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$207K -3.4K -0.48% $60.97 705K Apr 15, 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +6.96K +0.99% $0.00 712K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$210K -3.45K -0.48% $60.97 708K Apr 15, 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +3.31K +0.47% $0.00 712K Apr 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$99.9K -1.64K -0.23% $60.97 710K Apr 15, 2022 Direct F3
holding MRVL Common Stock 88.1K Apr 15, 2022 By Family Trusts

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 -6.85K -100% $0.00* 0 Apr 15, 2022 Common Stock 6.85K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -6.96K -20% $0.00 27.8K Apr 15, 2022 Common Stock 6.96K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -3.31K -11.11% $0.00 26.4K Apr 15, 2022 Common Stock 3.31K Direct F4, F7
transaction MRVL Restricted Stock Units Award $0 +38.1K $0.00 38.1K Apr 15, 2022 Common Stock 38.1K Direct F4, F8
transaction MRVL Restricted Stock Units Options Exercise $0 -164K -100% $0.00* 0 Apr 15, 2022 Common Stock 164K Direct F4, F9
* 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 reporting person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.58 to $61.46, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, 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.
F3 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock unit ("RSUs").
F4 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The RSUs vested fully on 04/15/2022.
F6 The remaining RSUs vest on each of 07/15/2022, 10/15/2022, 01/15/2023 and 4/15/2023.
F7 The remaining RSUs vest on each of 07/15/2022, 10/15/2022, 1/15/2023, 4/15/2023, 7/15/2023, 10/15/2023, 1/15/2024 and 4/15/2024.
F8 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.
F9 This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019.