Matthew J. Murphy - Jan 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
CEO and President, Director
Signature
Matthew J. Murphy by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2023
Transactions value $
-$499,834
Form type
4
Date filed
1/18/2023, 09:57 AM
Previous filing
Oct 18, 2022
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +14.9K +2.11% $0.00 720K Jan 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$262K -6.44K -0.89% $40.67 714K Jan 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +7.52K +1.05% $0.00 721K Jan 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$132K -3.25K -0.45% $40.67 718K Jan 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +6.15K +0.86% $0.00 724K Jan 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$106K -2.6K -0.36% $40.67 721K Jan 15, 2023 By Trust F1, 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 -14.9K -50% $0.00 14.9K Jan 15, 2023 Common Stock 14.9K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -7.52K -16.67% $0.00 37.6K Jan 15, 2023 Common Stock 7.52K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -6.15K -10% $0.00 55.4K Jan 15, 2023 Common Stock 6.15K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F4 The remaining RSUs will vest on 4/15/2023.
F5 The remaining RSUs will vest on 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6 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.