Muhammad Raghib Hussain - Apr 15, 2025 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
Stock symbol
MRVL
Transactions as of
Apr 15, 2025
Transactions value $
-$1,577,952
Form type
4
Date filed
4/17/2025, 08:04 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 +3.17K +0.46% $0.00 696K Apr 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$83.9K -1.57K -0.23% $53.32 694K Apr 15, 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +5.32K +0.77% $0.00 700K Apr 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$141K -2.64K -0.38% $53.32 697K Apr 15, 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +3.25K +0.47% $0.00 700K Apr 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$86K -1.61K -0.23% $53.32 699K Apr 15, 2025 Direct F1
transaction MRVL Common Stock Options Exercise $0 +47.9K +6.86% $0.00 747K Apr 15, 2025 Direct
transaction MRVL Common Stock Tax liability -$1.27M -23.8K -3.18% $53.32 723K Apr 15, 2025 Direct F1
holding MRVL Common Stock 88.1K Apr 15, 2025 By Family Trusts 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 -3.17K -100% $0.00 0 Apr 15, 2025 Common Stock 3.17K Direct F3, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -5.32K -20% $0.00 21.3K Apr 15, 2025 Common Stock 5.32K Direct F3, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -3.25K -11.11% $0.00 26K Apr 15, 2025 Common Stock 3.25K Direct F3, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -47.9K -100% $0.00 0 Apr 15, 2025 Common Stock 47.9K Direct F3, 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 Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F3 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4 This award fully vested on April 15, 2025.
F5 The remaining RSUs will vest on 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.
F6 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.
F7 The grant is fully vested. 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.