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Marvell Technology, Inc. — Director's Dealing 2022
Apr 21, 2022
29937_dirs_2022-04-20_cac9ec02-ae30-4548-a054-a0fba4a10084.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: 2022-04-15
Reporting Person: Hussain Muhammad Raghib (President, Products & Tech)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-19 | Common Stock | S | 45782 | $61.08 | Disposed | 618298 | Direct |
| 2022-04-15 | Common Stock | M | 164488 | $0.00 | Acquired | 782786 | Direct |
| 2022-04-15 | Common Stock | F | 81554 | $60.97 | Disposed | 701232 | Direct |
| 2022-04-15 | Common Stock | M | 6854 | $0.00 | Acquired | 708086 | Direct |
| 2022-04-15 | Common Stock | F | 3399 | $60.97 | Disposed | 704687 | Direct |
| 2022-04-15 | Common Stock | M | 6958 | $0.00 | Acquired | 711645 | Direct |
| 2022-04-15 | Common Stock | F | 3450 | $60.97 | Disposed | 708195 | Direct |
| 2022-04-15 | Common Stock | M | 3305 | $0.00 | Acquired | 711500 | Direct |
| 2022-04-15 | Common Stock | F | 1639 | $60.97 | Disposed | 709861 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-15 | Restricted Stock Units | $ | M | 6854 | Disposed | Common Stock (6854) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 6958 | Disposed | Common Stock (6958) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 3305 | Disposed | Common Stock (3305) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | A | 38052 | Acquired | Common Stock (38052) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 164488 | Disposed | Common Stock (164488) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 88081 | Indirect |
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 $60.58 to $61.46, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, 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 unit ("RSUs").
F4: Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5: The RSUs vested fully on 04/15/2022.
F6: The remaining RSUs vest on each of 07/15/2022, 10/15/2022, 01/15/2023 and 4/15/2023.
F7: The remaining RSUs vest on each of 07/15/2022, 10/15/2022, 1/15/2023, 4/15/2023, 7/15/2023, 10/15/2023, 1/15/2024 and 4/15/2024.
F8: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.
F9: This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019.