Willem Meintjes - Jan 15, 2025 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Signature
/s/ Willem Meintjes by Blair Walters as attorney-in-fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2025
Transactions value $
-$632,795
Form type
4
Date filed
1/17/2025, 09:47 PM
Previous filing
Dec 17, 2024
Next filing
Feb 19, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$177K -1.5K -1.33% $118.33 111K Jan 15, 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +765 +0.69% $0.00 112K Jan 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$41.3K -356 -0.32% $116.00 112K Jan 15, 2025 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2.55K +2.29% $0.00 114K Jan 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$126K -1.09K -0.95% $116.00 113K Jan 15, 2025 Direct F2
transaction MRVL Common Stock Options Exercise $0 +3.43K +3.04% $0.00 117K Jan 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$165K -1.43K -1.22% $116.00 115K Jan 15, 2025 Direct F2
transaction MRVL Common Stock Options Exercise $0 +2.56K +2.22% $0.00 118K Jan 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$122K -1.06K -0.9% $116.00 117K Jan 15, 2025 Direct 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 -765 -49.97% $0.00 766 Jan 15, 2025 Common Stock 765 Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2.55K -20% $0.00 10.2K Jan 15, 2025 Common Stock 2.55K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3.43K -16.67% $0.00 17.2K Jan 15, 2025 Common Stock 3.43K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -2.56K -10% $0.00 23K Jan 15, 2025 Common Stock 2.56K Direct F3, F6
* 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 April 8, 2024.
F2 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("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 04/15/2025.
F5 The remaining RSUs will vest on 04/15/2025, 07/15/2025, 10/15/2025, and 01/15/2026.
F6 The remaining RSUs will vest on 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.