Mark Casper - Feb 15, 2025 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP & Chief Legal Officer
Signature
Mark Casper by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Feb 15, 2025
Transactions value $
-$266,162
Form type
4
Date filed
2/19/2025, 05:15 PM
Previous filing
Jan 17, 2025
Next filing
Apr 17, 2025
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 +2.49K $0.00 2.49K Feb 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$131K -1.23K -49.6% $106.51 1.25K Feb 15, 2025 Direct F1
transaction MRVL Common Stock Sale -$135K -1.25K -100% $107.61 0 Feb 18, 2025 Direct F2, F3
holding MRVL Common Stock 20.2K Feb 15, 2025 By Trust 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 -2.49K -25% $0.00 7.46K Feb 15, 2025 Common Stock 2.49K Direct F5, 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 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F2 Sales were made pursuant to a 10b5-1 Plan dated October 17, 2024.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.56 to $107.67, 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.
F4 Held in the Mark J. Casper and Stephanie Casper Revocable Trust, of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F5 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F6 The remaining RSUs will vest on 05/15/2025, 08/15/2025, 11/15/2025.