Dan Christman - Jul 15, 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
Stock symbol
MRVL
Transactions as of
Jul 15, 2022
Transactions value $
-$170,651
Form type
4
Date filed
7/19/2022, 04:13 PM
Previous filing
May 17, 2022
Next filing
Aug 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +2.65K +7.16% $0.00 39.7K Jul 15, 2022 Direct F1
transaction MRVL Common Stock Tax liability -$63.4K -1.32K -3.31% $48.22 38.4K Jul 15, 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +1.62K +4.21% $0.00 40K Jul 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$38.6K -801 -2% $48.22 39.2K Jul 15, 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +683 +1.74% $0.00 39.9K Jul 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$16.3K -339 -0.85% $48.22 39.5K Jul 15, 2022 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2.19K +5.53% $0.00 41.7K Jul 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$52.3K -1.08K -2.6% $48.22 40.6K Jul 15, 2022 Direct F2
holding MRVL Common Stock 106K Jul 15, 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 -2.65K -25% $0.00 7.95K Jul 15, 2022 Common Stock 2.65K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1.62K -12.5% $0.00 11.3K Jul 15, 2022 Common Stock 1.62K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -683 -8.33% $0.00 7.52K Jul 15, 2022 Common Stock 683 Direct F4, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -2.19K -8.33% $0.00 24.1K Jul 15, 2022 Common Stock 2.19K 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