Mitchell Gaynor - Jan 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, CALO
Signature
Mitchell Gaynor by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Jan 15, 2022
Transactions value $
-$297,804
Form type
4
Date filed
1/19/2022, 11:33 AM
Previous filing
Dec 16, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Options Exercise $0 +1.62K +1.52% $0.00 108K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$66.5K -801 -0.74% $83.00 107K Jan 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.64K +2.47% $0.00 110K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$115K -1.39K -1.27% $83.00 108K Jan 15, 2022 Direct F1
transaction MRVL Common Stock Options Exercise $0 +2.82K +2.6% $0.00 111K Jan 15, 2022 Direct
transaction MRVL Common Stock Tax liability -$116K -1.4K -1.26% $83.00 110K Jan 15, 2022 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 -1.62K -10% $0.00 14.5K Jan 15, 2022 Common Stock 1.62K Direct F2, F3
transaction MRVL Restricted Stock Units Options Exercise $0 -2.64K -49.99% $0.00 2.64K Jan 15, 2022 Common Stock 2.64K Direct F2, F4
transaction MRVL Restricted Stock Units Options Exercise $0 -2.82K -16.66% $0.00 14.1K Jan 15, 2022 Common Stock 2.82K Direct F2, F5
* 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 restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3 The remaining RSUs vest on 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F4 The remaining RSUs will fully vest on 04/15/2022.
F5 The remaining RSUs vest on 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.