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Marvell Technology, Inc. — Director's Dealing 2022
Apr 19, 2022
29937_dirs_2022-04-18_3d60b458-025d-4114-96a6-b589395b337f.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: 2022-04-14
Reporting Person: GAYNOR MITCHELL (EVP, CALO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-14 | Common Stock | S | 5000 | $63.61 | Disposed | 94531 | Direct |
| 2022-04-15 | Common Stock | M | 63266 | $0.00 | Acquired | 157797 | Direct |
| 2022-04-15 | Common Stock | F | 31368 | $60.97 | Disposed | 126429 | Direct |
| 2022-04-15 | Common Stock | M | 2637 | $0.00 | Acquired | 129066 | Direct |
| 2022-04-15 | Common Stock | F | 1308 | $60.97 | Disposed | 127758 | Direct |
| 2022-04-15 | Common Stock | M | 2817 | $0.00 | Acquired | 130575 | Direct |
| 2022-04-15 | Common Stock | F | 1397 | $60.97 | Disposed | 129178 | Direct |
| 2022-04-15 | Common Stock | M | 1614 | $0.00 | Acquired | 130792 | Direct |
| 2022-04-15 | Common Stock | F | 801 | $60.97 | Disposed | 129991 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-15 | Restricted Stock Units | $ | M | 63266 | Disposed | Common Stock (63266) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 2637 | Disposed | Common Stock (2637) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 2817 | Disposed | Common Stock (2817) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 1614 | Disposed | Common Stock (1614) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | A | 15090 | Acquired | Common Stock (15090) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reported person.
F2: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3: Each restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4: This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on 04/15/2022.
F5: This award fully vested on April 15, 2022.
F6: The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.
F7: The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F8: The Restricted Stock Units (RSUs) will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.