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

Role
Chief Accounting Officer
Signature
Pani Dixon by Blair Walters as Attorney-In-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2023
Transactions value $
-$193,593
Form type
4
Date filed
4/18/2023, 05:09 PM
Previous filing
Jan 30, 2023
Next filing
Jul 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +696 +4.24% $0.00 17.1K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$13.9K -346 -2.02% $40.29 16.7K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +7.16K +42.74% $0.00 23.9K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$143K -3.55K -14.85% $40.29 20.4K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +359 +1.76% $0.00 20.7K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$7.17K -178 -0.86% $40.29 20.5K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +411 +2% $0.00 20.9K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$8.22K -204 -0.97% $40.29 20.7K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.06K +5.12% $0.00 21.8K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$21.3K -528 -2.42% $40.29 21.3K Apr 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 -696 -100% $0.00* 0 Apr 15, 2023 Common Stock 696 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -7.16K -100% $0.00* 0 Apr 15, 2023 Common Stock 7.16K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -359 -20% $0.00 1.44K Apr 15, 2023 Common Stock 359 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -411 -11.1% $0.00 3.29K Apr 15, 2023 Common Stock 411 Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1.06K -8.33% $0.00 11.7K Apr 15, 2023 Common Stock 1.06K Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +8.59K $0.00 8.59K Apr 15, 2023 Common Shares 8.59K 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.