Panteha Dixon - Apr 15, 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Accounting Officer
Signature
Pani Dixon by Blair Walters as Attorney-In-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2024
Transactions value $
-$151,848
Form type
4
Date filed
4/16/2024, 05:41 PM
Previous filing
Jan 17, 2024
Next filing
Jul 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +359 +1.4% $0.00 26K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$12.1K -178 -0.69% $67.88 25.8K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +412 +1.6% $0.00 26.2K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$13.9K -205 -0.78% $67.88 26K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.06K +4.09% $0.00 27K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$35.8K -528 -1.95% $67.88 26.5K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +716 +2.7% $0.00 27.2K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$24.1K -355 -1.3% $67.88 26.9K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1.96K +7.28% $0.00 28.8K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$65.9K -971 -3.37% $67.88 27.9K Apr 15, 2024 Direct F1

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 -359 -100% $0.00* 0 Apr 15, 2024 Common Stock 359 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -412 -20.02% $0.00 1.65K Apr 15, 2024 Common Stock 412 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.06K -12.5% $0.00 7.44K Apr 15, 2024 Common Stock 1.06K Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -716 -11.12% $0.00 5.72K Apr 15, 2024 Common Stock 716 Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1.96K -100% $0.00* 0 Apr 15, 2024 Common Stock 1.96K Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +6.69K $0.00 6.69K Apr 15, 2024 Common Shares 6.69K Direct F2, F8
* 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 units ("RSUs").
F2 Each restricted stock unit RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 This award fully vested on April 15, 2024.
F4 The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F5 The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, and 01/15/2026.
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.
F7 The grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2021. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results that were certified on 04/15/2024.
F8 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.