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

Role
Chief Financial Officer
Signature
Willem Meintjes by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Net transactions value
-$480,055
Form type
4
Filing time
18 Apr 2023, 21:55:49 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 +1,160 +1.6% $0.000000 75,776 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $12,772 -317 -0.42% $40.29 75,459 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +538 +0.71% $0.000000 75,997 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $5,439 -135 -0.18% $40.29 75,862 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +765 +1% $0.000000 76,627 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $7,897 -196 -0.26% $40.29 76,431 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,551 +3.3% $0.000000 78,982 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $27,478 -682 -0.86% $40.29 78,300 15 Apr 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +27,834 +36% $0.000000 106,134 15 Apr 2023 Direct
transaction MRVL Common Stock Tax liability $426,470 -10,585 -10% $40.29 95,549 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 -1,160 -100% $0.000000* 0 15 Apr 2023 Common Stock 1,160 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -538 -17% $0.000000 2,691 15 Apr 2023 Common Stock 538 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -765 -10% $0.000000 6,889 15 Apr 2023 Common Stock 765 Direct F2, F5
transaction MRVL Restricted Share Units Options Exercise $0 -2,551 -8.3% $0.000000 28,066 15 Apr 2023 Common Shares 2,551 Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -27,834 -100% $0.000000* 0 15 Apr 2023 Common Stock 27,834 Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +41,210 $0.000000 41,210 15 Apr 2023 Common Stock 41,210 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.