Tudor Brown - 16 Jun 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Director
Signature
Tudor Brown by Blair Walters as Attorney-in-Fact.
Issuer symbol
MRVL
Transactions as of
16 Jun 2023
Net transactions value
-$1,345
Form type
4
Filing time
21 Jun 2023, 19:05:07 UTC
Previous filing
24 Jun 2022
Next filing
17 Jun 2024
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 +4,320 +14% $0.000000 34,564 16 Jun 2023 Direct
transaction MRVL Common Stock Tax liability $1,345 -22 -0.06% $61.12 34,542 16 Jun 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 -4,320 -100% $0.000000* 0 16 Jun 2023 Common Stock 4,320 Direct F2, F3
transaction MRVL Restricted Stock Units Award $0 +4,570 $0.000000 4,570 16 Jun 2023 Common Stock 4,570 Direct F2, F4
* 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. ("Marvell") common share upon vesting.
F3 These RSUs vested as to 100% of the shares on June 16, 2023.
F4 Vests 100% of shares on the earlier of the next annual meeting of Marvell stockholders or the one year anniversary of the RSU grant.