Dean Jarnac - Apr 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP Worldwide Sales
Signature: Dean Jarnac by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Apr 15, 2022
Transactions value $: -$771,698
Form type: 4
Date filed: 4/19/2022, 09:59 PM
Previous filing: Mar 17, 2022
Next filing: Jun 17, 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	+8.86K	+16.94%	$0.00	61.1K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$268K	-4.39K	-7.18%	$60.97	56.8K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Options Exercise	$0	+862	+1.52%	$0.00	57.6K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$26.1K	-428	-0.74%	$60.97	57.2K	Apr 15, 2022	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+2.32K	+4.06%	$0.00	59.5K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$70.2K	-1.15K	-1.93%	$60.97	58.4K	Apr 15, 2022	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+1.38K	+2.37%	$0.00	59.7K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$41.9K	-687	-1.15%	$60.97	59.1K	Apr 15, 2022	Direct	F2
transaction	MRVL	Common Stock	Sale	-$366K	-6K	-19.43%	$60.96	24.9K	Apr 19, 2022	By Trust	F3, F4

Showing 1 to 9 of 9 entries

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	-8.86K	-100%	$0.00^*	0	Apr 15, 2022	Common Stock	8.86K		Direct	F2, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.38K	-11.11%	$0.00	11.1K	Apr 15, 2022	Common Stock	1.38K		Direct	F2, F6
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-862	-100%	$0.00^*	0	Apr 15, 2022	Common Stock	862		Direct	F2, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-2.32K	-20%	$0.00	9.28K	Apr 15, 2022	Common Stock	2.32K		Direct	F2, F7
transaction	MRVL	Restricted Stock Units	Award	$0	+15.7K		$0.00	15.7K	Apr 15, 2022	Common Stock	15.7K		Direct	F2, F8

* 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	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4	Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
F5	Grant is fully vested.
F6	The remaining RSUs vest quarterly on each of 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F7	The remaining RSU's will vest on 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.
F8	The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.