Dean Jarnac - 25 Nov 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP Worldwide Sales
Signature
Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
25 Nov 2021
Transactions value $
-$3,296,593
Form type
4
Filing time
29 Nov 2021, 16:56:30 UTC
Previous filing
17 Nov 2021
Next filing
16 Dec 2021
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 +90K +269.55% $0.00 123K 25 Nov 2021 Direct
transaction MRVL Common Stock Tax liability -$3.3M -44.6K -36.16% $73.86 78.8K 25 Nov 2021 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 -90K -100% $0.00* 0 25 Nov 2021 Common Stock 90K Direct F2, F3
* 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 Technology, Inc. common share upon vesting.
F3 This Value Creation Award was granted on 04/15/2019, and its Performance Condition has been satisfied and the shares fully vested on 11/25/2021.