Loi Nguyen - Jun 1, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Optical & CC Grp
Signature
Loi Nguyen by Blair Walters as Attorney-in-Fact.
Stock symbol
MRVL
Transactions as of
Jun 1, 2022
Transactions value $
-$177,084
Form type
4
Date filed
6/3/2022, 11:45 AM
Previous filing
Jun 1, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +3K +1.44% $0.00 211K Jun 1, 2022 Direct
transaction MRVL Common Stock Tax liability -$86.4K -1.49K -0.71% $58.04 209K Jun 1, 2022 Direct F1
transaction MRVL Common Stock Sale -$90.7K -1.51K -0.72% $60.00 208K Jun 2, 2022 Direct F2

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 -3K -12.5% $0.00 21K Jun 1, 2022 Common Stock 3K Direct F3, F4
* 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 The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 09/01/22, 12/01/22, 03/01/23, 06/01/23, 09/01/23, 12/01/23, 03/01/24.