Mitchell Gaynor - 15 Jul 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, CALO
Signature
Mitchell L. Gaynor by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2022
Net transactions value
-$374,427
Form type
4
Filing time
19 Jul 2022, 16:00:34 UTC
Previous filing
17 Jun 2022
Next filing
17 Aug 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 Sale $238,350 -5,000 -4.1% $47.67 115,563 15 Jul 2022 Direct F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,816 +2.4% $0.000000 118,379 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $67,363 -1,397 -1.2% $48.22 116,982 15 Jul 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +1,615 +1.4% $0.000000 118,597 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $38,624 -801 -0.68% $48.22 117,796 15 Jul 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +1,257 +1.1% $0.000000 119,053 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $30,089 -624 -0.52% $48.22 118,429 15 Jul 2022 Direct 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 -2,816 -25% $0.000000 8,450 15 Jul 2022 Common Stock 2,816 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,615 -13% $0.000000 11,301 15 Jul 2022 Common Stock 1,615 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,257 -8.3% $0.000000 13,833 15 Jul 2022 Common Stock 1,257 Direct F4, F7
* 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 $47.20 to $48.12, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, 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 units ("RSUs").
F4 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F5 The remaining RSUs will vest on 10/15/2022, 01/15/2023 and 04/15/2023.
F6 The remaining RSUs will vest on 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 RSUs will vest on 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.