Dean E. Jarnac Jr. - 15 Jan 2023 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 Jan 2023
Net transactions value
-$108,996
Form type
4
Filing time
18 Jan 2023, 10:13:11 UTC
Previous filing
18 Oct 2022
Next filing
03 Feb 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 +2,319 +3.5% $0.000000 68,949 15 Jan 2023 Direct
transaction MRVL Common Stock Tax liability $52,261 -1,285 -1.9% $40.67 67,664 15 Jan 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,383 +2% $0.000000 69,047 15 Jan 2023 Direct
transaction MRVL Common Stock Tax liability $30,543 -751 -1.1% $40.67 68,296 15 Jan 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,312 +1.9% $0.000000 69,608 15 Jan 2023 Direct
transaction MRVL Common Stock Tax liability $26,191 -644 -0.93% $40.67 68,964 15 Jan 2023 Direct F1
holding MRVL Common Stock 24,879 15 Jan 2023 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 -2,319 -50% $0.000000 2,320 15 Jan 2023 Common Stock 2,319 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,383 -17% $0.000000 6,920 15 Jan 2023 Common Stock 1,383 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,312 -10% $0.000000 11,810 15 Jan 2023 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 04/15/2023.
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.