Jean X. Hu - Jan 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Financial Officer
Signature
Jean X. Hu by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2023
Transactions value $
-$104,929
Form type
4
Date filed
1/18/2023, 09:55 AM
Previous filing
Jan 5, 2023
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +3.98K +1.67% $0.00 243K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$48.6K -1.19K -0.49% $40.67 241K Jan 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.46K +1.02% $0.00 244K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$26.5K -651 -0.27% $40.67 243K Jan 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.62K +1.08% $0.00 246K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$29.9K -735 -0.3% $40.67 245K Jan 15, 2023 Direct F1

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 -3.98K -49.99% $0.00 3.98K Jan 15, 2023 Common Stock 3.98K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -2.46K -16.67% $0.00 12.3K Jan 15, 2023 Common Stock 2.46K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2.62K -10% $0.00 23.6K Jan 15, 2023 Common Stock 2.62K Direct F2, F5
* 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 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 The remaining RSUs will vest on 04/15/2023.
F4 The remaining RSUs will vest on 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F5 The remaining RSUs will vest on 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.