Matthew J. Murphy - Apr 15, 2025 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
Chairman of the Board and CEO, Director
Signature
/s/ Matthew J. Murphy, by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2025
Transactions value $
-$436,957
Form type
4
Date filed
4/17/2025, 12:25 PM
Previous filing
Jan 27, 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 +3.08K +1.29% $0.00 241K Apr 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$86.3K -1.62K -0.67% $53.32 239K Apr 15, 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5.52K +2.31% $0.00 245K Apr 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$155K -2.91K -1.19% $53.32 242K Apr 15, 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +6.97K +2.88% $0.00 249K Apr 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$196K -3.67K -1.48% $53.32 245K Apr 15, 2025 Direct F1

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 -3.08K -100% $0.00 0 Apr 15, 2025 Common Stock 3.08K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -5.52K -14.29% $0.00 33.1K Apr 15, 2025 Common Stock 5.52K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -6.97K -11.11% $0.00 55.8K Apr 15, 2025 Common Stock 6.97K Direct F2, F5
transaction MRVL Restricted Stock Units Other $0 -145K -100% $0.00 0 Apr 15, 2025 Common Stock 145K Direct F2, F6
transaction MRVL Restricted Stock Units Award $0 +101K $0.00 101K Apr 15, 2025 Common Stock 101K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F3 This grant fully vested on 04/15/2025.
F4 The remaining RSUs will vest on 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.
F5 The remaining RSUs will vest on 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.
F6 This grant fully vested on 04/15/2025, but settlement of this grant has been deferred by the recipient. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2022. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results that were certified on 04/15/2025.
F7 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.