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

Role
EVP, Storage Products Group
Signature
Dan Christman by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2022
Net transactions value
-$170,651
Form type
4
Filing time
19 Jul 2022, 16:13:43 UTC
Previous filing
17 May 2022
Next filing
04 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 +2,651 +7.2% $0.000000 39,690 15 Jul 2022 Direct F1
transaction MRVL Common Stock Tax liability $63,409 -1,315 -3.3% $48.22 38,375 15 Jul 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +1,615 +4.2% $0.000000 39,990 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $38,624 -801 -2% $48.22 39,189 15 Jul 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +683 +1.7% $0.000000 39,872 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $16,347 -339 -0.85% $48.22 39,533 15 Jul 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,186 +5.5% $0.000000 41,719 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $52,270 -1,084 -2.6% $48.22 40,635 15 Jul 2022 Direct F2
holding MRVL Common Stock 106,203 15 Jul 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 -2,651 -25% $0.000000 7,953 15 Jul 2022 Common Stock 2,651 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 -683 -8.3% $0.000000 7,518 15 Jul 2022 Common Stock 683 Direct F4, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -2,186 -8.3% $0.000000 24,057 15 Jul 2022 Common Stock 2,186 Direct F4, F7
* 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 the Christman Family Trust, U/A DTD and dated 02/02/2011, of which Daniel S. Christman is the trustee.
F4 Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSUs vest quarterly on each of 10/15/2022, 01/15/2023 and 04/15/2023.
F6 The remaining RSUs vest quarterly on each of 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 vest quarterly on each of 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