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

Role
Chief Financial Officer
Signature
Willem Meintjes by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2024
Transactions value $
-$436,197
Form type
4
Date filed
4/16/2024, 06:42 PM
Previous filing
Apr 2, 2024
Next filing
May 1, 2024

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% $0.00 103K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$14.9K -219 -0.21% $67.88 102K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +766 +0.75% $0.00 103K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$21.5K -316 -0.31% $67.88 103K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.55K +2.48% $0.00 105K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$72.2K -1.06K -1.01% $67.88 104K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.43K +3.29% $0.00 108K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$97.1K -1.43K -1.33% $67.88 106K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +8.37K +7.88% $0.00 115K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$231K -3.4K -2.96% $67.88 111K 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 -539 -100% $0.00* 0 Apr 15, 2024 Common Stock 539 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -766 -20.01% $0.00 3.06K Apr 15, 2024 Common Stock 766 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2.55K -12.5% $0.00 17.9K Apr 15, 2024 Common Stock 2.55K Direct F2, F5
transaction MRVL Restricted Share Units Options Exercise $0 -3.43K -11.11% $0.00 27.5K Apr 15, 2024 Common Shares 3.43K Direct F2, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -8.37K -100% $0.00* 0 Apr 15, 2024 Common Stock 8.37K Direct F2, F7
transaction MRVL Restricted Stock Units Award $0 +30.7K $0.00 30.7K Apr 15, 2024 Common Stock 30.7K 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.