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

Role
Chief Financial Officer
Signature
/s/ Willem Meintjes by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Oct 2024
Net transactions value
-$426,399
Form type
4
Filing time
17 Oct 2024, 18:34:43 UTC
Previous filing
17 Sep 2024
Next filing
18 Nov 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 $120,750 -1,500 -1.3% $80.50 110,253 15 Oct 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +766 +0.69% $0.000000 111,019 15 Oct 2024 Direct
transaction MRVL Common Stock Tax liability $25,014 -315 -0.28% $79.41 110,704 15 Oct 2024 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,551 +2.3% $0.000000 113,255 15 Oct 2024 Direct
transaction MRVL Common Stock Tax liability $84,095 -1,059 -0.94% $79.41 112,196 15 Oct 2024 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3,435 +3.1% $0.000000 115,631 15 Oct 2024 Direct
transaction MRVL Common Stock Tax liability $113,159 -1,425 -1.2% $79.41 114,206 15 Oct 2024 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,555 +2.2% $0.000000 116,761 15 Oct 2024 Direct
transaction MRVL Common Stock Tax liability $83,380 -1,050 -0.9% $79.41 115,711 15 Oct 2024 Direct 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 -766 -33% $0.000000 1,531 15 Oct 2024 Common Stock 766 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,551 -17% $0.000000 12,758 15 Oct 2024 Common Stock 2,551 Direct F3, F5
transaction MRVL Restricted Share Units Options Exercise $0 -3,435 -14% $0.000000 20,605 15 Oct 2024 Common Shares 3,435 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2,555 -9.1% $0.000000 25,552 15 Oct 2024 Common Stock 2,555 Direct F3, 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 April 8, 2024.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 01/15/2025 and 04/15/2025.
F5 The remaining RSUs will vest on 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, and 01/15/2026.
F6 The remaining RSUs will vest on 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 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.