Dean E. Jarnac Jr. - 15 Jul 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2023
Net transactions value
-$167,254
Form type
4
Filing time
19 Jul 2023, 14:07:47 UTC
Previous filing
26 May 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 +1,384 +231% $0.000000 1,984 15 Jul 2023 Direct F1
transaction MRVL Common Stock Tax liability $43,590 -687 -35% $63.45 1,297 15 Jul 2023 Direct F2
transaction MRVL Common Stock Options Exercise $0 +1,312 +101% $0.000000 2,609 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $41,306 -651 -25% $63.45 1,958 15 Jul 2023 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,616 +134% $0.000000 4,574 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability $82,358 -1,298 -28% $63.45 3,276 15 Jul 2023 Direct F2
holding MRVL Common Stock 100,437 15 Jul 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 -1,384 -25% $0.000000 4,152 15 Jul 2023 Common Stock 1,384 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,312 -12% $0.000000 9,186 15 Jul 2023 Common Stock 1,312 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,616 -8.3% $0.000000 28,782 15 Jul 2023 Common Stock 2,616 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 unit ("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.