Nariman Yousefi - Jan 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Automotive, Coherent DSP
Signature
Nariman Yousefi by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2023
Transactions value $
-$39,003
Form type
4
Date filed
1/18/2023, 10:00 AM
Previous filing
Dec 5, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.64K +0.59% $0.00 279K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$39K -959 -0.34% $40.67 278K 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 +1.64K +12.5% $0.00 14.8K Jan 15, 2023 Common Stock 1.64K Direct F2, F3
* 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, 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.