Muhammad Raghib Hussain - Apr 15, 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
Stock symbol
MRVL
Transactions as of
Apr 15, 2024
Transactions value $
-$2,126,680
Form type
4
Date filed
4/17/2024, 05:14 PM
Previous filing
Jan 17, 2024
Next filing
Jul 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +3.31K +0.39% $0.00 859K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$111K -1.64K -0.19% $67.88 858K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.17K +0.37% $0.00 861K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$107K -1.57K -0.18% $67.88 859K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5.32K +0.62% $0.00 865K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$179K -2.64K -0.3% $67.88 862K Apr 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +51.4K +5.96% $0.00 913K Apr 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$1.73M -25.5K -2.79% $67.88 888K Apr 15, 2024 Direct F1
holding MRVL Common Stock 88.1K Apr 15, 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 -3.31K -100% $0.00* 0 Apr 15, 2024 Common Stock 3.31K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3.17K -20% $0.00 12.7K Apr 15, 2024 Common Stock 3.17K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -5.32K -11.11% $0.00 42.5K Apr 15, 2024 Common Stock 5.32K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -51.4K -100% $0.00* 0 Apr 15, 2024 Common Stock 51.4K Direct F3, F7
transaction MRVL Restricted Stock Units Award $0 +39K $0.00 39K Apr 15, 2024 Common Stock 39K 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.