Jean X. Hu - 15 Jul 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Financial Officer
Signature
Jean X. Hu by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2022
Net transactions value
-$185,840
Form type
4
Filing time
19 Jul 2022, 16:06:28 UTC
Previous filing
17 Jun 2022
Next filing
18 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 +3,976 +1.7% $0.000000 232,151 15 Jul 2022 Direct F1
transaction MRVL Common Stock Tax liability $83,806 -1,738 -0.75% $48.22 230,413 15 Jul 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,460 +1.1% $0.000000 232,873 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $48,461 -1,005 -0.43% $48.22 231,868 15 Jul 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,624 +1.1% $0.000000 234,492 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $53,572 -1,111 -0.47% $48.22 233,381 15 Jul 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 -3,976 -25% $0.000000 11,929 15 Jul 2022 Common Stock 3,976 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,460 -12% $0.000000 17,221 15 Jul 2022 Common Stock 2,460 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,624 -8.3% $0.000000 28,867 15 Jul 2022 Common Stock 2,624 Direct F3, F6
* 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 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 10/15/2022, 01/15/2023 and 04/15/2023.
F5 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.
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, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.