Muhammad Raghib Hussain - 15 Jul 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
Issuer symbol
MRVL
Transactions as of
15 Jul 2022
Net transactions value
-$321,338
Form type
4
Filing time
19 Jul 2022, 16:03:41 UTC
Previous filing
20 Apr 2022
Next filing
03 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 Options Exercise $0 +6,959 +0.98% $0.000000 717,393 15 Jul 2022 Direct F1
transaction MRVL Common Stock Tax liability $166,407 -3,451 -0.48% $48.22 713,942 15 Jul 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3,306 +0.46% $0.000000 717,248 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $79,081 -1,640 -0.23% $48.22 715,608 15 Jul 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3,171 +0.44% $0.000000 718,779 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $75,850 -1,573 -0.22% $48.22 717,206 15 Jul 2022 Direct F2
holding MRVL Common Stock 88,081 15 Jul 2022 By Family Trusts 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 -6,959 -25% $0.000000 20,875 15 Jul 2022 Common Stock 6,959 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3,306 -13% $0.000000 23,140 15 Jul 2022 Common Stock 3,306 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -3,171 -8.3% $0.000000 34,881 15 Jul 2022 Common Stock 3,171 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 573 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 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. 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.