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

Role
EVP, Automotive, Coherent DSP
Signature
Nariman Yousefi by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Feb 15, 2023
Transactions value $
-$44,216
Form type
4
Date filed
2/17/2023, 11:49 AM
Previous filing
Jan 18, 2023
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 +0.62% $0.00 280K Feb 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$44.2K -946 -0.34% $46.74 279K Feb 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 -1.73K -16.67% $0.00 8.65K Feb 15, 2023 Common Stock 1.73K Direct F2, F3
* 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 Technology, Inc. common share upon vesting.
F3 The remaining RSUs will vest on 05/15/2023, 08/15/2023, 11/15/2023, 02/15/2024 and 05/15/2024.