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Marvell Technology, Inc. — Director's Dealing 2022
Oct 18, 2022
29937_dirs_2022-10-18_fd49284f-073b-4308-8e27-e917c35acf8d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2022-10-15
Reporting Person: GAYNOR MITCHELL (EVP, CALO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-15 | Common Stock | S | 5000 | $39.61 | Disposed | 103429 | Direct |
| 2022-10-15 | Common Stock | M | 2817 | $0.00 | Acquired | 106246 | Direct |
| 2022-10-15 | Common Stock | F | 1397 | $37.01 | Disposed | 104849 | Direct |
| 2022-10-15 | Common Stock | M | 1614 | $0.00 | Acquired | 106463 | Direct |
| 2022-10-15 | Common Stock | F | 801 | $37.01 | Disposed | 105662 | Direct |
| 2022-10-15 | Common Stock | M | 1258 | $0.00 | Acquired | 106920 | Direct |
| 2022-10-15 | Common Stock | F | 624 | $37.01 | Disposed | 106296 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-10-15 | Restricted Stock Units | $ | M | 2817 | Disposed | Common Stock (2817) | Direct | |
| 2022-10-15 | Restricted Stock Units | $ | M | 1614 | Disposed | Common Stock (1614) | Direct | |
| 2022-10-15 | Restricted Stock Units | $ | M | 1258 | Disposed | Common Stock (1258) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.02 to $40.09, 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.
F3: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4: Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F5: The remaining RSUs will vest on 01/15/2023 and 04/15/2023.
F6: The remaining RSUs will vest on 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F7: The remaining RSUs will vest on 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.