Chris Koopmans - 15 Oct 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 Oct 2023
Transactions value $
-$509,362
Form type
4
Filing time
17 Oct 2023, 19:13:07 UTC
Previous filing
18 Sep 2023
Next filing
16 Nov 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% $0 136,121 15 Oct 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$36,149 -687 -0.5% $52.62 135,434 15 Oct 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,187 +1.6% $0 137,621 15 Oct 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$57,092 -1,085 -0.79% $52.62 136,536 15 Oct 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1,367 +1% $0 137,903 15 Oct 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$35,676 -678 -0.49% $52.62 137,225 15 Oct 2023 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +4,497 +3.3% $0 141,722 15 Oct 2023 By Trust F1
transaction MRVL Common Stock Tax liability -$117,342 -2,230 -1.6% $52.62 139,492 15 Oct 2023 By Trust F1, F2
transaction MRVL Common Stock Sale -$263,100 -5,000 -3.6% $52.62 134,492 16 Oct 2023 By Trust F1, F3, F4

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 -33% $0 2,768 15 Oct 2023 Common Stock 1,384 Direct F5, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2,187 -14% $0 13,122 15 Oct 2023 Common Stock 2,187 Direct F5, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -1,367 -14% $0 8,201 15 Oct 2023 Common Stock 1,367 Direct F5, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -4,497 -9.1% $0 44,971 15 Oct 2023 Common Stock 4,497 Direct F5, F8
* 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 07/14/2023.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.40 to $52.85, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F5 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F6 The remaining RSUs will vest on 01/15/2024 and 04/15/2024.
F7 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.
F8 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.