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

Role
EVP, Chief Operations Officer
Signature
Christopher Koopmans by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jul 15, 2023
Transactions value $
-$424,066
Form type
4
Date filed
7/18/2023, 09:54 PM
Previous filing
Jun 20, 2023
Next filing
Aug 17, 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 +1.02% $0.00 137K Jul 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$43.6K -687 -0.5% $63.45 137K Jul 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2.19K +1.6% $0.00 139K Jul 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$68.8K -1.09K -0.78% $63.45 138K Jul 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1.37K +0.99% $0.00 139K Jul 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$43K -678 -0.49% $63.45 138K Jul 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +4.5K +3.25% $0.00 143K Jul 15, 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$141K -2.23K -1.56% $63.45 141K Jul 15, 2023 By Trust F1, F2
transaction MRVL Common Stock Sale -$127K -2K -1.42% $63.56 139K Jul 17, 2023 By Trust F1, F3

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 F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2.19K -12.5% $0.00 15.3K Jul 15, 2023 Common Stock 2.19K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1.37K -12.5% $0.00 9.57K Jul 15, 2023 Common Stock 1.37K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -4.5K -8.33% $0.00 49.5K Jul 15, 2023 Common Stock 4.5K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Sales were made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on 09/01/2022.
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSUs will vest on 10/15/2023, 01/15/2024 and 04/15/2024.
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 and 04/15/2025.
F7 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.