Muhammad Raghib Hussain - 15 Oct 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
President, Products & Tech
Signature
/s/ Muhammad Raghib Hussain, by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Oct 2024
Transactions value $
-$12,537,325
Form type
4
Filing time
17 Oct 2024, 18:56:54 UTC
Previous filing
30 Jul 2024
Next filing
09 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Shares Sale -$12.1M -150K -17.76% $80.50 694K 15 Oct 2024 Direct F1
transaction MRVL Common Shares Options Exercise $0 +3.17K +0.46% $0.00 698K 15 Oct 2024 Direct
transaction MRVL Common Shares Tax liability -$125K -1.57K -0.23% $79.41 696K 15 Oct 2024 Direct F2
transaction MRVL Common Shares Options Exercise $0 +5.32K +0.76% $0.00 701K 15 Oct 2024 Direct
transaction MRVL Common Shares Tax liability -$209K -2.64K -0.38% $79.41 699K 15 Oct 2024 Direct F2
transaction MRVL Common Shares Options Exercise $0 +3.25K +0.47% $0.00 702K 15 Oct 2024 Direct
transaction MRVL Common Shares Tax liability -$128K -1.61K -0.23% $79.41 700K 15 Oct 2024 Direct F2
holding MRVL Common Stock 88.1K 15 Oct 2024 By Family Trusts 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 -3.17K -33.33% $0.00 6.34K 15 Oct 2024 Common Stock 3.17K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -5.32K -14.29% $0.00 31.9K 15 Oct 2024 Common Stock 5.32K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -3.25K -9.09% $0.00 32.5K 15 Oct 2024 Common Stock 3.25K 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 Sales were made pursuant to a 10b5-1 Plan dated March 27, 2024.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 The remaining RSUs will vest on 01/15/2025 and 04/15/2025.
F6 The remaining RSUs will vest on 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, and 04/15/2026.
F7 The remaining RSUs will vest on 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, 04/15/2026, 07/15/2026, 10/15/2026, 01/15/2027, and 04/15/2027.