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

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +2.32K +3.48% $0.00 68.9K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$52.3K -1.29K -1.86% $40.67 67.7K Jan 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.38K +2.04% $0.00 69K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$30.5K -751 -1.09% $40.67 68.3K Jan 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.31K +1.92% $0.00 69.6K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$26.2K -644 -0.93% $40.67 69K Jan 15, 2023 Direct F1
holding MRVL Common Stock 24.9K Jan 15, 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 -2.32K -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.