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

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2023
Transactions value $
-$108,996
Form type
4
Date filed
1/18/2023, 10:13 AM
Previous filing
Oct 18, 2022
Next filing
Feb 3, 2023
SEC
View on sec.gov

Transactions Table

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 -2.32K -49.99% $0.00 2.32K Jan 15, 2023 Common Stock 2.32K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.38K -16.66% $0.00 6.92K Jan 15, 2023 Common Stock 1.38K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1.31K -10% $0.00 11.8K Jan 15, 2023 Common Stock 1.31K 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.