Muhammad Raghib Hussain - Jul 15, 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
Stock symbol
MRVL
Transactions as of
Jul 15, 2022
Transactions value $
-$321,338
Form type
4
Date filed
7/19/2022, 04:03 PM
Previous filing
Apr 20, 2022
Next filing
Aug 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +6.96K +0.98% $0.00 717K Jul 15, 2022 Direct F1
transaction MRVL Common Stock Tax liability -$166K -3.45K -0.48% $48.22 714K Jul 15, 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3.31K +0.46% $0.00 717K Jul 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$79.1K -1.64K -0.23% $48.22 716K Jul 15, 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3.17K +0.44% $0.00 719K Jul 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$75.9K -1.57K -0.22% $48.22 717K Jul 15, 2022 Direct F2
holding MRVL Common Stock 88.1K Jul 15, 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 -6.96K -25% $0.00 20.9K Jul 15, 2022 Common Stock 6.96K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3.31K -12.5% $0.00 23.1K Jul 15, 2022 Common Stock 3.31K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -3.17K -8.33% $0.00 34.9K Jul 15, 2022 Common Stock 3.17K 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.