Ford Tamer - Dec 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Director
Signature
Ford Tamer by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Dec 15, 2023
Transactions value $
-$3,600,000
Form type
4
Date filed
12/18/2023, 09:41 PM
Previous filing
Jun 21, 2023
Next filing
Jan 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$3.6M -60K -46.01% $60.00 70.4K Dec 15, 2023 Direct F1
holding MRVL Common Stock 443K Dec 15, 2023 By Trust F2
* 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 Sales were made pursuant to a 10b5-1 Plan dated June 6, 2023.
F2 Shares are held in the Fouad and Roula Tamer Revocable Trust dated 04/01/2004.