Sandeep Bharathi - Jul 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Development Officer
Signature
Sandeep Bharathi by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jul 15, 2023
Transactions value $
-$265,158
Form type
4
Date filed
7/17/2023, 07:14 PM
Previous filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.38K +1.6% $0.00 87.8K Jul 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$46.3K -729 -0.83% $63.45 87.1K Jul 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.19K +2.51% $0.00 89.3K Jul 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$73.1K -1.15K -1.29% $63.45 88.1K Jul 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +684 +0.78% $0.00 88.8K Jul 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$22.9K -361 -0.41% $63.45 88.4K Jul 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.68K +4.16% $0.00 92.1K Jul 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$123K -1.94K -2.1% $63.45 90.2K Jul 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 -1.38K -25% $0.00 4.15K Jul 15, 2023 Common Stock 1.38K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -2.19K -12.5% $0.00 15.3K Jul 15, 2023 Common Stock 2.19K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -684 -12.51% $0.00 4.78K Jul 15, 2023 Common Stock 684 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3.68K -8.33% $0.00 40.5K Jul 15, 2023 Common Stock 3.68K Direct F2, F5
* 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 The remaining RSUs will vest on 10/15/2023, 01/15/2024 and 04/15/2024.
F4 The remaining RSUs will vest on 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F5 The remaining RSUs will vest on 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, 01/15/2026 and 04/15/2026.