Chris Koopmans - 15 Jan 2024 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 Jan 2024
Transactions value $
-$642,155
Form type
4
Filing time
17 Jan 2024, 21:21:29 UTC
Previous filing
18 Dec 2023
Next filing
16 Feb 2024
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 +1.1% $0 125,876 15 Jan 2024 By Trust F1
transaction MRVL Common Stock Tax liability -$50,376 -767 -0.61% $65.68 125,109 15 Jan 2024 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +2,187 +1.7% $0 127,296 15 Jan 2024 By Trust F1
transaction MRVL Common Stock Tax liability -$74,481 -1,134 -0.89% $65.68 126,162 15 Jan 2024 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1,366 +1.1% $0 127,528 15 Jan 2024 By Trust F1
transaction MRVL Common Stock Tax liability -$44,531 -678 -0.53% $65.68 126,850 15 Jan 2024 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +4,497 +3.5% $0 131,347 15 Jan 2024 By Trust F1
transaction MRVL Common Stock Tax liability -$146,466 -2,230 -1.7% $65.68 129,117 15 Jan 2024 By Family Trust F1, F2
transaction MRVL Common Stock Sale -$326,300 -5,000 -3.9% $65.26 124,117 16 Jan 2024 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 -50% $0 1,384 15 Jan 2024 Common Stock 1,384 Direct F5, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2,187 -20% $0 8,748 15 Jan 2024 Common Stock 2,187 Direct F5, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -1,366 -17% $0 6,835 15 Jan 2024 Common Stock 1,366 Direct F5, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -4,497 -10% $0 40,474 15 Jan 2024 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 $64.69 to $65.73, 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 04/15/2024.
F7 The remaining RSUs will vest on 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F8 The remaining RSUs will vest on 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.