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Marvell Technology, Inc. — Director's Dealing 2024
Jul 17, 2024
29937_dirs_2024-07-16_33fa1df1-5709-4a55-9792-448e88322396.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: 2024-07-15
Reporting Person: MURPHY MATTHEW J (Director, Chairman of the Board and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-07-15 | Common Stock | M | 3075 | — | Acquired | 209637 | Direct |
| 2024-07-15 | Common Stock | F | 1369 | $73.60 | Disposed | 208268 | Direct |
| 2024-07-15 | Common Shares | M | 5519 | — | Acquired | 213787 | Direct |
| 2024-07-15 | Common Shares | F | 2535 | $73.60 | Disposed | 211252 | Direct |
| 2024-07-15 | Common Stock | M | 6968 | — | Acquired | 218220 | Direct |
| 2024-07-15 | Common Stock | F | 3305 | $73.60 | Disposed | 214915 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-15 | Restricted Stock Units | $ | M | 3075 | Disposed | Common Stock (3075) | Direct | |
| 2024-07-15 | Restricted Stock Units | $ | M | 5519 | Disposed | Common Stock (5519) | Direct | |
| 2024-07-15 | Restricted Stock Units | $ | M | 6968 | Disposed | Common Stock (6968) | Direct |
Footnotes
F1: Total holdings includes 599 shares purchased on June 7, 2024 under the Company's Employee Stock Purchase Plan (ESPP).
F2: Since the date of the reporting person's last ownership report, he transferred to his ex-spouse pursuant to a domestic relations order: (i) 480,582 vested shares of Marvell common stock (which have been deducted from his aggregate holdings in column 5, table 1 of this Form 4), (ii) 45,416 unvested restricted stock units ("RSUs")(which have been deducted from his aggregate holdings in column 9, table 2 of this Form 4), (iii) 71,711 performance-based RSUs for which settlement has been deferred, and (iv) 94,194 unvested performance-based RSUs subject to a hurdle award. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
F3: Surrender of shares in payment of tax withholding due as a result of the vesting of RSUs.
F4: Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F5: The remaining RSUs will vest on 10/15/2024, 01/15/2025 and 04/15/2025.
F6: The remaining RSUs will vest on 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, and 04/15/2026.
F7: The remaining RSUs will vest on 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, 04/15/2026, 07/15/2026, 10/15/2026, 01/15/2027, and 04/15/2027.