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

Role
EVP, Chief Admin Officer
Signature
Mitchell Gaynor by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Net transactions value
-$1,464,018
Form type
4
Filing time
18 Apr 2023, 21:00:33 UTC
Previous filing
18 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 +2,817 +2.6% $0.000000 111,790 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $56,285 -1,397 -1.2% $40.29 110,393 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,615 +1.5% $0.000000 112,008 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $32,272 -801 -0.72% $40.29 111,207 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,258 +1.1% $0.000000 112,465 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $25,141 -624 -0.55% $40.29 111,841 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +67,596 +60% $0.000000 179,437 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $1,350,319 -33,515 -19% $40.29 145,922 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 -67,596 -100% $0.000000* 0 15 Apr 2023 Common Stock 67,596 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -2,817 -100% $0.000000* 0 15 Apr 2023 Common Stock 2,817 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,615 -20% $0.000000 6,458 15 Apr 2023 Common Stock 1,615 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,258 -11% $0.000000 10,060 15 Apr 2023 Common Stock 1,258 Direct F2, F6
transaction MRVL Restricted Stock Units Award $0 +22,568 $0.000000 22,568 15 Apr 2023 Common Stock 22,568 Direct F2, F7
* 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 represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 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 04/14/2023.
F4 This award fully vested on April 15, 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 RSUs will vest quarterly over three years in equal installments.