Dean E. Jarnac Jr. - 15 Jun 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jun 2022
Net transactions value
-$47,183
Form type
4
Filing time
17 Jun 2022, 18:40:26 UTC
Previous filing
19 Apr 2022
Next filing
19 Jul 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 +1,933 +3.2% $0.000000 61,560 15 Jun 2022 Direct F1
transaction MRVL Common Stock Tax liability $47,183 -959 -1.6% $49.20 60,601 15 Jun 2022 Direct F2
holding MRVL Common Stock 24,879 15 Jun 2022 By Trust F3

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 -1,933 -50% $0.000000 1,934 15 Jun 2022 Common Stock 1,933 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 572 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2022.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSUs will vest on 09/15/2022.