Dean E. Jarnac Jr. - 15 Oct 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 Oct 2022
Net transactions value
-$92,118
Form type
4
Filing time
18 Oct 2022, 13:40:51 UTC
Previous filing
16 Sep 2022
Next filing
18 Jan 2023
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 +2,320 +3.6% $0.000000 66,423 15 Oct 2022 Direct
transaction MRVL Common Stock Tax liability $42,599 -1,151 -1.7% $37.01 65,272 15 Oct 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,384 +2.1% $0.000000 66,656 15 Oct 2022 Direct
transaction MRVL Common Stock Tax liability $25,426 -687 -1% $37.01 65,969 15 Oct 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,312 +2% $0.000000 67,281 15 Oct 2022 Direct
transaction MRVL Common Stock Tax liability $24,094 -651 -0.97% $37.01 66,630 15 Oct 2022 Direct F1
holding MRVL Common Stock 24,879 15 Oct 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 -2,320 -33% $0.000000 4,639 15 Oct 2022 Common Stock 2,320 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,384 -14% $0.000000 8,303 15 Oct 2022 Common Stock 1,384 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,312 -9.1% $0.000000 13,122 15 Oct 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 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.