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

Role
Chief Financial Officer
Signature
/s/ Willem A. Meintjes, by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2024
Net transactions value
-$395,652
Form type
4
Filing time
16 Jul 2024, 18:03:06 UTC
Previous filing
01 May 2024
Next filing
19 Aug 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 Sale $110,820 -1,500 -1.4% $73.88 109,318 15 Jul 2024 Direct F1, F2
transaction MRVL Common Stock Options Exercise $0 +765 +0.7% $0.000000 110,083 15 Jul 2024 Direct
transaction MRVL Common Stock Tax liability $23,184 -315 -0.29% $73.60 109,768 15 Jul 2024 Direct F3
transaction MRVL Common Stock Options Exercise $0 +2,551 +2.3% $0.000000 112,319 15 Jul 2024 Direct
transaction MRVL Common Stock Tax liability $78,237 -1,063 -0.95% $73.60 111,256 15 Jul 2024 Direct F3
transaction MRVL Common Shares Options Exercise $0 +3,434 +3.1% $0.000000 114,690 15 Jul 2024 Direct
transaction MRVL Common Stock Tax liability $105,248 -1,430 -1.2% $73.60 113,260 15 Jul 2024 Direct F3
transaction MRVL Common Stock Options Exercise $0 +2,555 +2.3% $0.000000 115,815 15 Jul 2024 Direct
transaction MRVL Common Stock Tax liability $78,163 -1,062 -0.92% $73.60 114,753 15 Jul 2024 Direct F3

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 -765 -25% $0.000000 2,297 15 Jul 2024 Common Stock 765 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,551 -14% $0.000000 15,309 15 Jul 2024 Common Stock 2,551 Direct F4, F6
transaction MRVL Restricted Share Units Options Exercise $0 -3,434 -12% $0.000000 24,038 15 Jul 2024 Common Shares 3,434 Direct F4, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -2,555 -8.3% $0.000000 28,107 15 Jul 2024 Common Stock 2,555 Direct F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sales were made pursuant to a 10b5-1 Plan dated April 8, 2024.
F2 Total holdings includes 600 shares purchased on June 7, 2024 under the Company's Employee Stock Purchase Plan (ESPP).
F3 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSUs will vest on 10/15/2024, 01/15/2025 and 04/15/2025.
F6 The remaining RSUs will vest on 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, and 01/15/2026.
F7 The remaining RSUs will vest on 10/15/2024, 01/15/2025, 04/15/2025. 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.
F8 The remaining RSUs will vest on 10/15/2024, 01/15/2025, 04/15/2025. 07/15/2025, 10/15/2025, 01/15/2026, 04/15/2026, 07/15/2026, 10/15, 2026, 01/15/2027 and 04/15/2027.