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

Role
EVP, CALO
Signature
Mitchell L. Gaynor by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2023
Transactions value $
-$122,417
Form type
4
Date filed
1/18/2023, 04:02 PM
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 +2.82K +2.65% $0.00 109K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$63.4K -1.56K -1.43% $40.67 108K Jan 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.61K +1.5% $0.00 109K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$33.6K -826 -0.76% $40.67 108K Jan 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.26K +1.16% $0.00 110K Jan 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$25.4K -624 -0.57% $40.67 109K 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 -2.82K -49.99% $0.00 2.82K Jan 15, 2023 Common Stock 2.82K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -1.61K -16.66% $0.00 8.07K Jan 15, 2023 Common Stock 1.61K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.26K -10% $0.00 11.3K Jan 15, 2023 Common Stock 1.26K Direct F2, F5
* 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 common share upon vesting.
F3 The remaining RSUs will vest on 04/15/2023.
F4 The remaining RSUs will vest on 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F5 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.