Nariman Yousefi - 01 Mar 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
Issuer symbol
MRVL
Transactions as of
01 Mar 2023
Net transactions value
-$367,915
Form type
4
Filing time
03 Mar 2023, 11:17:17 UTC
Previous filing
17 Feb 2023
Next filing
18 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +3,001 +1.1% $0.000000 281,624 01 Mar 2023 Direct
transaction MRVL Common Stock Tax liability $71,714 -1,581 -0.56% $45.36 280,043 01 Mar 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +12,402 +4.4% $0.000000 292,445 01 Mar 2023 Direct
transaction MRVL Common Stock Tax liability $296,201 -6,530 -2.2% $45.36 285,915 01 Mar 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 -3,001 -20% $0.000000 12,003 01 Mar 2023 Common Stock 3,001 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -12,402 -50% $0.000000 12,399 01 Mar 2023 Common Stock 12,402 Direct F2, F4
* 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 06/01/2023, 09/01/2023, 12/01/2023, and 03/01/2024.
F4 The remaining RSUs will vest on 03/01/2024.