Dean Jarnac - 15 Mar 2022 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
15 Mar 2022
Transactions value $
-$63,083
Form type
4
Filing time
17 Mar 2022, 17:14:04 UTC
Previous filing
17 Feb 2022
Next filing
19 Apr 2022
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 +1,934 +3.77% $0 53,248 15 Mar 2022 Direct
transaction MRVL Common Stock Tax liability -$63,083 -959 -1.8% $65.78 52,289 15 Mar 2022 Direct F1
holding MRVL Common Stock 30,879 15 Mar 2022 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 -1,934 -33.34% $0 3,867 15 Mar 2022 Common Stock 1,934 Direct F3, F4
* 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 Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs vest quarterly on each of 06/15/2022 and 09/15/2022.