Nariman Yousefi - May 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Auto Coherent DSP&Switch
Signature
Nariman Yousefi by Blair Walters as Attorney-in-Fact.
Stock symbol
MRVL
Transactions as of
May 15, 2022
Transactions value $
-$52,446
Form type
4
Date filed
5/17/2022, 02:43 PM
Previous filing
Apr 25, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.73K +0.62% $0.00 280K May 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$52.4K -911 -0.33% $57.57 279K May 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 -1.73K -11.11% $0.00 13.8K May 15, 2022 Common Stock 1.73K Direct F2, F3
* 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 ("RSU").
F2 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 The remaining RSU's will vest on 08/15/2022, 11/15/2022, 02/15/2023, 05/15/2023, 08/15/2023, 11/15/2023, 02/15/2024 and 05/15/2024.