Willem Meintjes - Oct 15, 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
Stock symbol
MRVL
Transactions as of
Oct 15, 2024
Transactions value $
-$426,399
Form type
4
Date filed
10/17/2024, 06:34 PM
Previous filing
Sep 17, 2024
Next filing
Nov 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$121K -1.5K -1.34% $80.50 110K Oct 15, 2024 Direct F1
transaction MRVL Common Stock Options Exercise $0 +766 +0.69% $0.00 111K Oct 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$25K -315 -0.28% $79.41 111K Oct 15, 2024 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2.55K +2.3% $0.00 113K Oct 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$84.1K -1.06K -0.94% $79.41 112K Oct 15, 2024 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3.44K +3.06% $0.00 116K Oct 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$113K -1.43K -1.23% $79.41 114K Oct 15, 2024 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2.56K +2.24% $0.00 117K Oct 15, 2024 Direct
transaction MRVL Common Stock Tax liability -$83.4K -1.05K -0.9% $79.41 116K Oct 15, 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 -33.35% $0.00 1.53K Oct 15, 2024 Common Stock 766 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2.55K -16.66% $0.00 12.8K Oct 15, 2024 Common Stock 2.55K Direct F3, F5
transaction MRVL Restricted Share Units Options Exercise $0 -3.44K -14.29% $0.00 20.6K Oct 15, 2024 Common Shares 3.44K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2.56K -9.09% $0.00 25.6K Oct 15, 2024 Common Stock 2.56K 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.