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

Role
Chief Financial Officer
Signature
Willem Meintjes by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2023
Transactions value $
-$480,055
Form type
4
Date filed
4/18/2023, 09:55 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 +1.16K +1.55% $0.00 75.8K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$12.8K -317 -0.42% $40.29 75.5K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +538 +0.71% $0.00 76K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$5.44K -135 -0.18% $40.29 75.9K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +765 +1.01% $0.00 76.6K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$7.9K -196 -0.26% $40.29 76.4K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.55K +3.34% $0.00 79K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$27.5K -682 -0.86% $40.29 78.3K Apr 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +27.8K +35.55% $0.00 106K Apr 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$426K -10.6K -9.97% $40.29 95.5K 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 -1.16K -100% $0.00* 0 Apr 15, 2023 Common Stock 1.16K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -538 -16.66% $0.00 2.69K Apr 15, 2023 Common Stock 538 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -765 -9.99% $0.00 6.89K Apr 15, 2023 Common Stock 765 Direct F2, F5
transaction MRVL Restricted Share Units Options Exercise $0 -2.55K -8.33% $0.00 28.1K Apr 15, 2023 Common Shares 2.55K Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -27.8K -100% $0.00* 0 Apr 15, 2023 Common Stock 27.8K Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +41.2K $0.00 41.2K Apr 15, 2023 Common Stock 41.2K 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 RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 This award fully vested on April 15, 2023.
F4 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F5 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.
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, 04/15/2025, 07/15/2025, 10/15/2025 and 01/15/2026.
F7 The 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 that were certified on 04/14/2023.
F8 These RSUs were granted on 04/15/2023 and will vest quarterly over 3 years.