Chris Koopmans - 15 Apr 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Chief Operations Officer
Signature
/s/ Christopher Koopmans by Blair Walters as attorney-in-fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2023
Transactions value $
-$1,257,129
Form type
4
Filing time
18 Apr 2023, 17:40:39 UTC
Previous filing
03 Feb 2023
Next filing
26 May 2023
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 +2,320 +2% $0 115,978 15 Apr 2023 By Family Trust F1
transaction MRVL Common Stock Tax liability -$46,373 -1,151 -0.99% $40.29 114,827 15 Apr 2023 By Family Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1,384 +1.2% $0 116,211 15 Apr 2023 By Family Trust F1
transaction MRVL Common Stock Tax liability -$27,679 -687 -0.59% $40.29 115,524 15 Apr 2023 By Family Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,187 +1.9% $0 117,711 15 Apr 2023 By Family Trust F1
transaction MRVL Common Stock Tax liability -$43,714 -1,085 -0.92% $40.29 116,626 15 Apr 2023 By Family Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1,367 +1.2% $0 117,993 15 Apr 2023 By Family Trust F1
transaction MRVL Common Stock Tax liability -$27,316 -678 -0.57% $40.29 117,315 15 Apr 2023 By Family Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +55,668 +47% $0 172,983 15 Apr 2023 By Family Trust F1
transaction MRVL Common Stock Tax liability -$1,112,044 -27,601 -16% $40.29 145,382 15 Apr 2023 By Family Trust F1, 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 -2,320 -100% $0* 0 15 Apr 2023 Common Stock 2,320 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1,384 -20% $0 5,536 15 Apr 2023 Common Stock 1,384 Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,187 -11% $0 17,496 15 Apr 2023 Common Stock 2,187 Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,367 -11% $0 10,935 15 Apr 2023 Common Stock 1,367 Direct F3, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -55,668 -100% $0* 0 15 Apr 2023 Common Stock 55,668 Direct F3, F8
transaction MRVL Restricted Stock Units Award $0 +53,965 $0 53,965 15 Apr 2023 Common Stock 53,965 Direct F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
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 common share upon vesting.
F4 This award fully vested on April 15, 2023.
F5 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F7 The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F8 This award is fully vested. Reflects the number of shares earned in respect of performance based RSUs granted on 04/15/2020. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on 04/14/2023.
F9 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.