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

Role
EVP, CALO
Signature
Mitchell L. Gaynor by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Oct 2022
Net transactions value
-$302,492
Form type
4
Filing time
18 Oct 2022, 15:27:30 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 Sale $198,050 -5,000 -4.6% $39.61 103,429 15 Oct 2022 Direct F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,817 +2.7% $0.000000 106,246 15 Oct 2022 Direct
transaction MRVL Common Stock Tax liability $51,703 -1,397 -1.3% $37.01 104,849 15 Oct 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +1,614 +1.5% $0.000000 106,463 15 Oct 2022 Direct
transaction MRVL Common Stock Tax liability $29,645 -801 -0.75% $37.01 105,662 15 Oct 2022 Direct F3
transaction MRVL Common Stock Options Exercise $0 +1,258 +1.2% $0.000000 106,920 15 Oct 2022 Direct
transaction MRVL Common Stock Tax liability $23,094 -624 -0.58% $37.01 106,296 15 Oct 2022 Direct 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 -2,817 -33% $0.000000 5,633 15 Oct 2022 Common Stock 2,817 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,614 -14% $0.000000 9,687 15 Oct 2022 Common Stock 1,614 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,258 -9.1% $0.000000 12,575 15 Oct 2022 Common Stock 1,258 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.02 to $40.09, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F5 The remaining RSUs will vest on 01/15/2023 and 04/15/2023.
F6 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.
F7 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.