Dean Jarnac - 15 Jul 2023 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 Jul 2023
Transactions value $
-$167,254
Form type
4
Filing time
19 Jul 2023, 14:07:47 UTC
Previous 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 +1.38K +230.67% $0.00 1.98K 15 Jul 2023 Direct F1
transaction MRVL Common Stock Tax liability -$43.6K -687 -34.63% $63.45 1.3K 15 Jul 2023 Direct F2
transaction MRVL Common Stock Options Exercise $0 +1.31K +101.16% $0.00 2.61K 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability -$41.3K -651 -24.95% $63.45 1.96K 15 Jul 2023 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2.62K +133.61% $0.00 4.57K 15 Jul 2023 Direct
transaction MRVL Common Stock Tax liability -$82.4K -1.3K -28.38% $63.45 3.28K 15 Jul 2023 Direct F2
holding MRVL Common Stock 100K 15 Jul 2023 By Family Trusts

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 -1.38K -25% $0.00 4.15K 15 Jul 2023 Common Stock 1.38K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -1.31K -12.5% $0.00 9.19K 15 Jul 2023 Common Stock 1.31K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2.62K -8.33% $0.00 28.8K 15 Jul 2023 Common Stock 2.62K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 600 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2023.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock unit ("RSUs").
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 10/15/2023, 01/15/2024 and 04/15/2024.
F5 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.
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, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.