Hussain Muhammad Raghib - Jan 15, 2024 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
Jan 15, 2024
Transactions value $
-$392,438
Form type
4
Date filed
1/17/2024, 04:14 PM
Previous filing
Dec 28, 2023
Next filing
Apr 17, 2024

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 854K Jan 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$116K -1.77K -0.21% $65.68 852K Jan 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.17K +0.37% $0.00 855K Jan 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$103K -1.57K -0.18% $65.68 853K Jan 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5.32K +0.62% $0.00 859K Jan 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$173K -2.64K -0.31% $65.68 856K Jan 15, 2024 Direct F1
holding MRVL Common Stock 88.1K Jan 15, 2024 By Family Trusts 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 -3.31K -50% $0.00 3.31K Jan 15, 2024 Common Stock 3.31K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3.17K -16.67% $0.00 15.9K Jan 15, 2024 Common Stock 3.17K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -5.32K -10% $0.00 47.8K Jan 15, 2024 Common Stock 5.32K Direct F3, F6
* 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 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 04/15/2024.
F5 The remaining RSUs will vest on 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F6 The remaining RSUs will vest on 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.