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

Role
Chairman of the Board and CEO, Director
Signature
/s/ Matthew J. Murphy by Blair Walters as attorney-in-fact
Stock symbol
MRVL
Transactions as of
Jul 15, 2024
Transactions value $
-$530,582
Form type
4
Date filed
7/16/2024, 06:49 PM
Previous filing
May 16, 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 Options Exercise $0 +3.08K +1.49% $0.00 210K Jul 15, 2024 Direct F1, F2
transaction MRVL Common Stock Tax liability -$101K -1.37K -0.65% $73.60 208K Jul 15, 2024 Direct F3
transaction MRVL Common Shares Options Exercise $0 +5.52K +2.65% $0.00 214K Jul 15, 2024 Direct
transaction MRVL Common Shares Tax liability -$187K -2.54K -1.19% $73.60 211K Jul 15, 2024 Direct F3
transaction MRVL Common Stock Options Exercise $0 +6.97K +3.3% $0.00 218K Jul 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$243K -3.31K -1.51% $73.60 215K Jul 15, 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 -3.08K -25% $0.00 9.23K Jul 15, 2024 Common Stock 3.08K Direct F2, F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -5.52K -10% $0.00 49.7K Jul 15, 2024 Common Stock 5.52K Direct F2, F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -6.97K -8.33% $0.00 76.7K Jul 15, 2024 Common Stock 6.97K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total holdings includes 599 shares purchased on June 7, 2024 under the Company's Employee Stock Purchase Plan (ESPP).
F2 Since the date of the reporting person's last ownership report, he transferred to his ex-spouse pursuant to a domestic relations order: (i) 480,582 vested shares of Marvell common stock (which have been deducted from his aggregate holdings in column 5, table 1 of this Form 4), (ii) 45,416 unvested restricted stock units ("RSUs")(which have been deducted from his aggregate holdings in column 9, table 2 of this Form 4), (iii) 71,711 performance-based RSUs for which settlement has been deferred, and (iv) 94,194 unvested performance-based RSUs subject to a hurdle award. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
F3 Surrender of shares in payment of tax withholding due as a result of the vesting of 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.