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

Role
EVP, Chief Admin Officer
Signature
Mitchell Gaynor by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2023
Net transactions value
-$149,615
Form type
4
Filing time
18 Jul 2023, 15:28:40 UTC
Previous filing
18 Apr 2023
Next filing
17 Oct 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 +1,614 +1.1% $0.000000 148,136 15 Jul 2023 Direct F1
transaction MRVL Common Stock Tax liability $50,823 -801 -0.54% $63.45 147,335 15 Jul 2023 Direct F2
transaction MRVL Common Stock Options Exercise $0 +1,257 +0.85% $0.000000 148,592 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $39,593 -624 -0.42% $63.45 147,968 15 Jul 2023 Direct F2
transaction MRVL Common Stock Options Exercise $0 +1,880 +1.3% $0.000000 149,848 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $59,199 -933 -0.62% $63.45 148,915 15 Jul 2023 Direct F2

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 -1,614 -25% $0.000000 4,844 15 Jul 2023 Common Stock 1,614 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,257 -12% $0.000000 8,803 15 Jul 2023 Common Stock 1,257 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,880 -8.3% $0.000000 20,688 15 Jul 2023 Common Stock 1,880 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 600 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2023.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 10/15/2023, 01/15/2024 and 04/15/2024.
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 and 04/15/2025.
F6 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.