Willem A. Meintjes - 15 Apr 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chief Financial Officer
Signature
Willem Meintjes by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2024
Net transactions value
-$436,197
Form type
4
Filing time
16 Apr 2024, 18:42:43 UTC
Previous filing
02 Apr 2024
Next filing
01 May 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 +539 +0.53% $0.000000 102,525 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $14,866 -219 -0.21% $67.88 102,306 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +766 +0.75% $0.000000 103,072 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $21,450 -316 -0.31% $67.88 102,756 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,552 +2.5% $0.000000 105,308 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $72,224 -1,064 -1% $67.88 104,244 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,434 +3.3% $0.000000 107,678 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $97,136 -1,431 -1.3% $67.88 106,247 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +8,367 +7.9% $0.000000 114,614 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $230,520 -3,396 -3% $67.88 111,218 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 -539 -100% $0.000000* 0 15 Apr 2024 Common Stock 539 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -766 -20% $0.000000 3,062 15 Apr 2024 Common Stock 766 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,552 -13% $0.000000 17,860 15 Apr 2024 Common Stock 2,552 Direct F2, F5
transaction MRVL Restricted Share Units Options Exercise $0 -3,434 -11% $0.000000 27,472 15 Apr 2024 Common Shares 3,434 Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -8,367 -100% $0.000000* 0 15 Apr 2024 Common Stock 8,367 Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +30,662 $0.000000 30,662 15 Apr 2024 Common Stock 30,662 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 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 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, 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.