Mark Casper - 15 Apr 2025 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP & Chief Legal Officer
Signature
Mark Casper by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2025
Net transactions value
-$653,703
Form type
4
Filing time
17 Apr 2025, 15:01:36 UTC
Previous filing
19 Feb 2025
Next filing
24 Apr 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 +1,203 $0.000000 1,203 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $31,832 -597 -50% $53.32 606 15 Apr 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,519 +251% $0.000000 2,125 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $40,203 -754 -35% $53.32 1,371 15 Apr 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +210 +15% $0.000000 1,581 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $5,599 -105 -6.6% $53.32 1,476 15 Apr 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2,208 +150% $0.000000 3,684 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $58,385 -1,095 -30% $53.32 2,589 15 Apr 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +1,394 +54% $0.000000 3,983 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $36,897 -692 -17% $53.32 3,291 15 Apr 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +18,186 +553% $0.000000 21,477 15 Apr 2025 Direct
transaction MRVL Common Stock Tax liability $480,786 -9,017 -42% $53.32 12,460 15 Apr 2025 Direct F1
holding MRVL Common Stock 20,163 15 Apr 2025 By Trust 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 -1,203 -100% $0.000000 0 15 Apr 2025 Common Stock 1,203 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,519 -33% $0.000000 3,039 15 Apr 2025 Common Stock 1,519 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -210 -33% $0.000000 419 15 Apr 2025 Common Stock 210 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,208 -20% $0.000000 8,831 15 Apr 2025 Common Stock 2,208 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,394 -11% $0.000000 11,150 15 Apr 2025 Common Stock 1,394 Direct F3, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -18,186 -100% $0.000000 0 15 Apr 2025 Common Stock 18,186 Direct F3, F8
transaction MRVL Restricted Stock Units Award $0 +18,347 $0.000000 18,347 15 Apr 2025 Common Stock 18,347 Direct F3, F9
* 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 Held in the Mark J. Casper and Stephanie Casper Revocable Trust, of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 This award fully vested on April 15, 2025.
F5 The remaining RSUs will vest on 07/15/2025 and 10/15/2025.
F6 The remaining RSUs will vest on 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.
F7 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.
F8 The grant is fully vested. 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.
F9 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.