Willem A. Meintjes - 15 Jan 2025 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Signature
/s/ Willem Meintjes by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Jan 2025
Net transactions value
-$632,795
Form type
4
Filing time
17 Jan 2025, 21:47:47 UTC
Previous filing
17 Dec 2024
Next filing
19 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale $177,495 -1,500 -1.3% $118.33 111,211 15 Jan 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +765 +0.69% $0.000000 111,976 15 Jan 2025 Direct
transaction MRVL Common Stock Tax liability $41,296 -356 -0.32% $116.00 111,620 15 Jan 2025 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,552 +2.3% $0.000000 114,172 15 Jan 2025 Direct
transaction MRVL Common Stock Tax liability $126,092 -1,087 -0.95% $116.00 113,085 15 Jan 2025 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3,434 +3% $0.000000 116,519 15 Jan 2025 Direct
transaction MRVL Common Stock Tax liability $165,416 -1,426 -1.2% $116.00 115,093 15 Jan 2025 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2,555 +2.2% $0.000000 117,648 15 Jan 2025 Direct
transaction MRVL Common Stock Tax liability $122,496 -1,056 -0.9% $116.00 116,592 15 Jan 2025 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 -765 -50% $0.000000 766 15 Jan 2025 Common Stock 765 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2,552 -20% $0.000000 10,206 15 Jan 2025 Common Stock 2,552 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3,434 -17% $0.000000 17,171 15 Jan 2025 Common Stock 3,434 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2,555 -10% $0.000000 22,997 15 Jan 2025 Common Stock 2,555 Direct F3, F6
* 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 04/15/2025.
F5 The remaining RSUs will vest on 04/15/2025, 07/15/2025, 10/15/2025, and 01/15/2026.
F6 The remaining RSUs will vest on 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.