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

Role
Chief Accounting Officer
Signature
Pani Dixon by Blair Walters as Attorney-In-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2024
Net transactions value
-$151,848
Form type
4
Filing time
16 Apr 2024, 17:41:19 UTC
Previous filing
17 Jan 2024
Next filing
16 Jul 2024
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 +359 +1.4% $0.000000 25,952 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $12,083 -178 -0.69% $67.88 25,774 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +412 +1.6% $0.000000 26,186 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $13,915 -205 -0.78% $67.88 25,981 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,063 +4.1% $0.000000 27,044 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $35,841 -528 -2% $67.88 26,516 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +716 +2.7% $0.000000 27,232 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $24,097 -355 -1.3% $67.88 26,877 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,957 +7.3% $0.000000 28,834 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $65,911 -971 -3.4% $67.88 27,863 15 Apr 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% $0.000000* 0 15 Apr 2024 Common Stock 359 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -412 -20% $0.000000 1,646 15 Apr 2024 Common Stock 412 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,063 -12% $0.000000 7,443 15 Apr 2024 Common Stock 1,063 Direct F2, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -716 -11% $0.000000 5,724 15 Apr 2024 Common Stock 716 Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,957 -100% $0.000000* 0 15 Apr 2024 Common Stock 1,957 Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +6,690 $0.000000 6,690 15 Apr 2024 Common Shares 6,690 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.