Matthew J. Murphy - 15 Apr 2025 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
Issuer symbol
MRVL
Transactions as of
15 Apr 2025
Net transactions value
-$436,957
Form type
4
Filing time
17 Apr 2025, 12:25:46 UTC
Previous filing
27 Jan 2025
Next filing
17 Jul 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +3,075 +1.3% $0.000000 240,618 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $86,325 -1,619 -0.67% $53.32 238,999 15 Apr 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5,520 +2.3% $0.000000 244,519 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $155,001 -2,907 -1.2% $53.32 241,612 15 Apr 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +6,968 +2.9% $0.000000 248,580 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $195,631 -3,669 -1.5% $53.32 244,911 15 Apr 2025 Direct F1

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 -3,075 -100% $0.000000 0 15 Apr 2025 Common Stock 3,075 Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -5,520 -14% $0.000000 33,115 15 Apr 2025 Common Stock 5,520 Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -6,968 -11% $0.000000 55,750 15 Apr 2025 Common Stock 6,968 Direct F2, F5
transaction MRVL Restricted Stock Units Other $0 -144,662 -100% $0.000000 0 15 Apr 2025 Common Stock 144,662 Direct F2, F6
transaction MRVL Restricted Stock Units Award $0 +100,904 $0.000000 100,904 15 Apr 2025 Common Stock 100,904 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F2 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F3 This grant fully vested on 04/15/2025.
F4 The remaining RSUs will vest on 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.
F5 The remaining RSUs will vest on 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.
F6 This grant fully vested on 04/15/2025, but settlement of this grant has been deferred by the recipient. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2022. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results that were certified on 04/15/2025.
F7 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.