Chris Koopmans - 15 Jul 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
Issuer symbol
MRVL
Transactions as of
15 Jul 2024
Net transactions value
-$765,000
Form type
4
Filing time
16 Jul 2024, 18:28:57 UTC
Previous filing
18 Jun 2024
Next filing
17 Sep 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 $369,400 -5,000 -4.3% $73.88 110,318 15 Jul 2024 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,187 +2% $0.000000 112,505 15 Jul 2024 By Trust F2
transaction MRVL Common Stock Tax liability $79,856 -1,085 -0.96% $73.60 111,420 15 Jul 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +1,367 +1.2% $0.000000 112,787 15 Jul 2024 By Trust F2
transaction MRVL Common Stock Tax liability $49,901 -678 -0.6% $73.60 112,109 15 Jul 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +4,497 +4% $0.000000 116,606 15 Jul 2024 By Trust F2
transaction MRVL Common Stock Tax liability $164,128 -2,230 -1.9% $73.60 114,376 15 Jul 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +2,787 +2.4% $0.000000 117,163 15 Jul 2024 By Trust F2
transaction MRVL Common Stock Tax liability $101,715 -1,382 -1.2% $73.60 115,781 15 Jul 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 -2,187 -25% $0.000000 6,561 15 Jul 2024 Common Stock 2,187 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -1,367 -25% $0.000000 4,101 15 Jul 2024 Common Stock 1,367 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -4,497 -12% $0.000000 31,480 15 Jul 2024 Common Stock 4,497 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2,787 -8.3% $0.000000 30,663 15 Jul 2024 Common Stock 2,787 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.