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

Role
EVP, Chief Operations Officer
Signature
Christopher Koopmans by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Jul 2023
Net transactions value
-$424,066
Form type
4
Filing time
18 Jul 2023, 21:54:39 UTC
Previous filing
20 Jun 2023
Next filing
17 Aug 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 +1,384 +1% $0.000000 137,366 15 Jul 2023 By Trust F1
transaction MRVL Common Stock Tax liability $43,590 -687 -0.5% $63.45 136,679 15 Jul 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,187 +1.6% $0.000000 138,866 15 Jul 2023 By Trust F1
transaction MRVL Common Stock Tax liability $68,843 -1,085 -0.78% $63.45 137,781 15 Jul 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1,367 +0.99% $0.000000 139,148 15 Jul 2023 By Trust F1
transaction MRVL Common Stock Tax liability $43,019 -678 -0.49% $63.45 138,470 15 Jul 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +4,497 +3.2% $0.000000 142,967 15 Jul 2023 By Trust F1
transaction MRVL Common Stock Tax liability $141,494 -2,230 -1.6% $63.45 140,737 15 Jul 2023 By Trust F1, F2
transaction MRVL Common Stock Sale $127,120 -2,000 -1.4% $63.56 138,737 17 Jul 2023 By Trust F1, F3

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 -1,384 -25% $0.000000 4,152 15 Jul 2023 Common Stock 1,384 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,187 -12% $0.000000 15,309 15 Jul 2023 Common Stock 2,187 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,367 -13% $0.000000 9,568 15 Jul 2023 Common Stock 1,367 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -4,497 -8.3% $0.000000 49,468 15 Jul 2023 Common Stock 4,497 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Sales were made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on 09/01/2022.
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSUs will vest on 10/15/2023, 01/15/2024 and 04/15/2024.
F6 The remaining RSUs will vest on 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 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.