Loi Nguyen - Feb 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Optical & CC Grp
Signature
Loi Nguyen by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Feb 15, 2023
Transactions value $
-$29,633
Form type
4
Date filed
2/17/2023, 10:41 AM
Previous filing
Dec 5, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.73K +0.81% $0.00 215K Feb 15, 2023 Direct F1
transaction MRVL Common Stock Tax liability -$29.6K -634 -0.3% $46.74 214K Feb 15, 2023 Direct 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 -1.73K -16.67% $0.00 8.65K Feb 15, 2023 Common Stock 1.73K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 320 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on December 7, 2022.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 05/15/2023, 08/15/2023, 11/15/2023, 02/15/2024 and 05/15/2024.