Muhammad Raghib Hussain - Jul 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
Muhammad Raghib Hussain by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jul 15, 2023
Transactions value $
-$371,056
Form type
4
Date filed
7/18/2023, 09:28 PM
Previous filing
Jun 13, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +3.31K +0.39% $0.00 852K Jul 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$104K -1.64K -0.19% $63.45 850K Jul 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.17K +0.37% $0.00 853K Jul 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$99.8K -1.57K -0.18% $63.45 852K Jul 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5.31K +0.62% $0.00 857K Jul 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$167K -2.64K -0.31% $63.45 854K Jul 15, 2023 Direct F1
holding MRVL Common Stock 88.1K Jul 15, 2023 By Family Trusts

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 -3.31K -25% $0.00 9.92K Jul 15, 2023 Common Stock 3.31K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -3.17K -12.5% $0.00 22.2K Jul 15, 2023 Common Stock 3.17K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -5.31K -8.33% $0.00 58.5K Jul 15, 2023 Common Stock 5.31K 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 unit ("RSUs").
F2 Each RSU represents a contingent right to receive one Marvell Technology, Inc. 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.