Panteha Dixon - 15 Apr 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Accounting Officer
Signature
Pani Dixon by Blair Walters as Attorney-In-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Net transactions value
-$193,593
Form type
4
Filing time
18 Apr 2023, 17:09:32 UTC
Previous filing
30 Jan 2023
Next filing
18 Jul 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 +696 +4.2% $0.000000 17,093 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $13,940 -346 -2% $40.29 16,747 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +7,158 +43% $0.000000 23,905 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $142,989 -3,549 -15% $40.29 20,356 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +359 +1.8% $0.000000 20,715 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $7,172 -178 -0.86% $40.29 20,537 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +411 +2% $0.000000 20,948 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $8,219 -204 -0.97% $40.29 20,744 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,063 +5.1% $0.000000 21,807 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $21,273 -528 -2.4% $40.29 21,279 15 Apr 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 -696 -100% $0.000000* 0 15 Apr 2023 Common Stock 696 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -7,158 -100% $0.000000* 0 15 Apr 2023 Common Stock 7,158 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -359 -20% $0.000000 1,436 15 Apr 2023 Common Stock 359 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -411 -11% $0.000000 3,292 15 Apr 2023 Common Stock 411 Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,063 -8.3% $0.000000 11,695 15 Apr 2023 Common Stock 1,063 Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +8,586 $0.000000 8,586 15 Apr 2023 Common Shares 8,586 Direct F2, F8
* 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 restricted stock unit RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 This award fully vested on 04/15/2023.
F4 This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2020. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on 04/13/2023.
F5 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6 The remaining RSUs will vest on 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.
F7 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025 and 01/15/2026.
F8 The RSUs will vest in equal quarterly installments over three years.