Mitchell Gaynor - Apr 15, 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
Stock symbol
MRVL
Transactions as of
Apr 15, 2023
Transactions value $
-$1,464,018
Form type
4
Date filed
4/18/2023, 09:00 PM
Previous filing
Jan 18, 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 +2.82K +2.59% $0.00 112K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$56.3K -1.4K -1.25% $40.29 110K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.62K +1.46% $0.00 112K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$32.3K -801 -0.72% $40.29 111K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.26K +1.13% $0.00 112K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$25.1K -624 -0.55% $40.29 112K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +67.6K +60.44% $0.00 179K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$1.35M -33.5K -18.68% $40.29 146K 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 -67.6K -100% $0.00* 0 Apr 15, 2023 Common Stock 67.6K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -2.82K -100% $0.00* 0 Apr 15, 2023 Common Stock 2.82K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.62K -20% $0.00 6.46K Apr 15, 2023 Common Stock 1.62K Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1.26K -11.12% $0.00 10.1K Apr 15, 2023 Common Stock 1.26K Direct F2, F6
transaction MRVL Restricted Stock Units Award $0 +22.6K $0.00 22.6K Apr 15, 2023 Common Stock 22.6K 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.