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Marvell Technology, Inc. — Director's Dealing 2022
Apr 20, 2022
29937_dirs_2022-04-19_f08c063d-9d3f-4fe2-8c91-6743a9abdb74.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: Jarnac Dean E Jr. (EVP Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-15 | Common Stock | M | 8858 | $0.00 | Acquired | 61147 | Direct |
| 2022-04-15 | Common Stock | F | 4392 | $60.97 | Disposed | 56755 | Direct |
| 2022-04-15 | Common Stock | M | 862 | $0.00 | Acquired | 57617 | Direct |
| 2022-04-15 | Common Stock | F | 428 | $60.97 | Disposed | 57189 | Direct |
| 2022-04-15 | Common Stock | M | 2320 | $0.00 | Acquired | 59509 | Direct |
| 2022-04-15 | Common Stock | F | 1151 | $60.97 | Disposed | 58358 | Direct |
| 2022-04-15 | Common Stock | M | 1384 | $0.00 | Acquired | 59742 | Direct |
| 2022-04-15 | Common Stock | F | 687 | $60.97 | Disposed | 59055 | Direct |
| 2022-04-19 | Common Stock | S | 6000 | $60.96 | Disposed | 24879 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-15 | Restricted Stock Units | $ | M | 8858 | Disposed | Common Stock (8858) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 1384 | Disposed | Common Stock (1384) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 862 | Disposed | Common Stock (862) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 2320 | Disposed | Common Stock (2320) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | A | 15746 | Acquired | Common Stock (15746) | Direct |
Footnotes
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 Technology, Inc. common share upon vesting.
F3: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4: Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
F5: Grant is fully vested.
F6: The remaining RSUs vest quarterly on each of 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.
F7: The remaining RSU's will vest on 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.
F8: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.