Muhammad Raghib Hussain - Jan 31, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Signature
Raghib Hussain by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 31, 2023
Transactions value $
-$1,066,095
Form type
4
Date filed
2/2/2023, 08:52 PM
Previous filing
Jan 18, 2023
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 $884K +73K +9.99% $12.12* 804K Jan 31, 2023 Direct
transaction MRVL Common Stock Sale -$1.95M -46.2K -5.75% $42.22 757K Jan 31, 2023 Direct F1, F2
holding MRVL Common Stock 88.1K Jan 31, 2023 By Family Trusts F3

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 Employee Stock Option (right to buy) Options Exercise $0 -73K -100% $0.00* 0 Jan 31, 2023 Common Stock 73K $12.12 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.83 to $42.61, inclusive. The reporting person undertakes to provide Marvell Technology, Inc., any security holder any security holder of Marvell or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.
F3 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F4 All of the shares subject to this option are fully vested and exercisable as of the date hereof.