Chris Koopmans - Jul 15, 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Chief Operations Officer
Signature
/s/ Chris Koopmans, by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jul 15, 2024
Transactions value $
-$765,000
Form type
4
Date filed
7/16/2024, 06:28 PM
Previous filing
Jun 18, 2024
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$369K -5K -4.34% $73.88 110K Jul 15, 2024 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2.19K +1.98% $0.00 113K Jul 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$79.9K -1.09K -0.96% $73.60 111K Jul 15, 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +1.37K +1.23% $0.00 113K Jul 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$49.9K -678 -0.6% $73.60 112K Jul 15, 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +4.5K +4.01% $0.00 117K Jul 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$164K -2.23K -1.91% $73.60 114K Jul 15, 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +2.79K +2.44% $0.00 117K Jul 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$102K -1.38K -1.18% $73.60 116K Jul 15, 2024 By Trust F2, 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 -2.19K -25% $0.00 6.56K Jul 15, 2024 Common Stock 2.19K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1.37K -25% $0.00 4.1K Jul 15, 2024 Common Stock 1.37K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -4.5K -12.5% $0.00 31.5K Jul 15, 2024 Common Stock 4.5K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2.79K -8.33% $0.00 30.7K Jul 15, 2024 Common Stock 2.79K Direct F4, F7
* 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 July 14, 2023.
F2 Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
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 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, 01/15/2026 and 04/15/2026.
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, 04/15/2026, 07/15/2026, 10/15/2026, 01/15/2027 and 04/15/2027.