Dean E. Jarnac Jr. - 15 Jul 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2022
Net transactions value
-$119,971
Form type
4
Filing time
19 Jul 2022, 19:20:39 UTC
Previous filing
17 Jun 2022
Next filing
16 Sep 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 +2,319 +3.8% $0.000000 62,920 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $55,453 -1,150 -1.8% $48.22 61,770 15 Jul 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,384 +2.2% $0.000000 63,154 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $33,127 -687 -1.1% $48.22 62,467 15 Jul 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,312 +2.1% $0.000000 63,779 15 Jul 2022 Direct
transaction MRVL Common Stock Tax liability $31,391 -651 -1% $48.22 63,128 15 Jul 2022 Direct F1
holding MRVL Common Stock 24,879 15 Jul 2022 By Trust 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 -2,319 -25% $0.000000 6,959 15 Jul 2022 Common Stock 2,319 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,384 -13% $0.000000 9,687 15 Jul 2022 Common Stock 1,384 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,312 -8.3% $0.000000 14,434 15 Jul 2022 Common Stock 1,312 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F2 Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
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.