Muhammad Raghib Hussain - 15 Apr 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
/s/ Muhammad Raghib Hussain, by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2024
Net transactions value
-$2,126,680
Form type
4
Filing time
17 Apr 2024, 17:14:26 UTC
Previous filing
17 Jan 2024
Next filing
09 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 +3,306 +0.39% $0.000000 859,423 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $111,323 -1,640 -0.19% $67.88 857,783 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3,171 +0.37% $0.000000 860,954 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $106,775 -1,573 -0.18% $67.88 859,381 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5,315 +0.62% $0.000000 864,696 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $178,932 -2,636 -0.3% $67.88 862,060 15 Apr 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +51,392 +6% $0.000000 913,452 15 Apr 2024 Direct
transaction MRVL Common Stock Tax liability $1,729,650 -25,481 -2.8% $67.88 887,971 15 Apr 2024 Direct F1
holding MRVL Common Stock 88,081 15 Apr 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 -3,306 -100% $0.000000* 0 15 Apr 2024 Common Stock 3,306 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3,171 -20% $0.000000 12,684 15 Apr 2024 Common Stock 3,171 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -5,315 -11% $0.000000 42,518 15 Apr 2024 Common Stock 5,315 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -51,392 -100% $0.000000* 0 15 Apr 2024 Common Stock 51,392 Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +39,025 $0.000000 39,025 15 Apr 2024 Common Stock 39,025 Direct F3, 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 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 This award fully vested on April 15, 2024.
F5 The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
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 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.