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

Role
Chief Development Officer
Signature
Sandeep Bharathi by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2023
Net transactions value
-$265,158
Form type
4
Filing time
17 Jul 2023, 19:14:46 UTC
Previous filing
13 Jun 2023
Next filing
17 Jul 2025
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 +1,384 +1.6% $0.000000 87,810 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $46,255 -729 -0.83% $63.45 87,081 15 Jul 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,187 +2.5% $0.000000 89,268 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $73,094 -1,152 -1.3% $63.45 88,116 15 Jul 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +684 +0.78% $0.000000 88,800 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $22,905 -361 -0.41% $63.45 88,439 15 Jul 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,679 +4.2% $0.000000 92,118 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $122,903 -1,937 -2.1% $63.45 90,181 15 Jul 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 -1,384 -25% $0.000000 4,152 15 Jul 2023 Common Stock 1,384 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -2,187 -12% $0.000000 15,309 15 Jul 2023 Common Stock 2,187 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -684 -13% $0.000000 4,784 15 Jul 2023 Common Stock 684 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3,679 -8.3% $0.000000 40,474 15 Jul 2023 Common Stock 3,679 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.