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

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Oct 15, 2022
Transactions value $
-$92,118
Form type
4
Date filed
10/18/2022, 01:40 PM
Previous filing
Sep 16, 2022
Next filing
Jan 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +2.32K +3.62% $0.00 66.4K Oct 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$42.6K -1.15K -1.73% $37.01 65.3K Oct 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.38K +2.12% $0.00 66.7K Oct 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$25.4K -687 -1.03% $37.01 66K Oct 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.31K +1.99% $0.00 67.3K Oct 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$24.1K -651 -0.97% $37.01 66.6K Oct 15, 2022 Direct F1
holding MRVL Common Stock 24.9K Oct 15, 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 -2.32K -33.34% $0.00 4.64K Oct 15, 2022 Common Stock 2.32K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.38K -14.29% $0.00 8.3K Oct 15, 2022 Common Stock 1.38K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1.31K -9.09% $0.00 13.1K Oct 15, 2022 Common Stock 1.31K 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 01/15/2023 and 04/15/2023.
F5 The remaining RSUs will vest on 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 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.