Muhammad Raghib Hussain - Oct 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
Muhammad Raghib Hussain by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Oct 15, 2023
Transactions value $
-$307,722
Form type
4
Date filed
10/17/2023, 06:47 PM
Previous filing
Aug 24, 2023
Next filing
Dec 28, 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 +3.31K +0.39% $0.00 858K Oct 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$86.2K -1.64K -0.19% $52.62 856K Oct 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.17K +0.37% $0.00 859K Oct 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$82.8K -1.57K -0.18% $52.62 858K Oct 15, 2023 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5.32K +0.62% $0.00 863K Oct 15, 2023 Direct
transaction MRVL Common Stock Tax liability -$139K -2.64K -0.31% $52.62 860K Oct 15, 2023 Direct F1
holding MRVL Common Stock 88.1K Oct 15, 2023 By Family Trusts 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 -3.31K -33.33% $0.00 6.61K Oct 15, 2023 Common Stock 3.31K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -3.17K -14.29% $0.00 19K Oct 15, 2023 Common Stock 3.17K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -5.32K -9.09% $0.00 53.1K Oct 15, 2023 Common Stock 5.32K Direct F3, F6
* 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 unit ("RSUs").
F2 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 The remaining RSUs will vest on 01/15/2024 and 04/15/2024.
F5 The remaining RSUs will vest on 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 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.