AI assistant
Marvell Technology, Inc. — Director's Dealing 2024
Apr 17, 2024
29937_dirs_2024-04-17_b427ddb2-2893-4023-8f15-b0e995ff3065.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2024-04-15
Reporting Person: Hussain Muhammad Raghib (President, Products & Tech)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-15 | Common Stock | M | 3306 | — | Acquired | 859423 | Direct |
| 2024-04-15 | Common Stock | F | 1640 | $67.88 | Disposed | 857783 | Direct |
| 2024-04-15 | Common Stock | M | 3171 | — | Acquired | 860954 | Direct |
| 2024-04-15 | Common Stock | F | 1573 | $67.88 | Disposed | 859381 | Direct |
| 2024-04-15 | Common Stock | M | 5315 | — | Acquired | 864696 | Direct |
| 2024-04-15 | Common Stock | F | 2636 | $67.88 | Disposed | 862060 | Direct |
| 2024-04-15 | Common Stock | M | 51392 | — | Acquired | 913452 | Direct |
| 2024-04-15 | Common Stock | F | 25481 | $67.88 | Disposed | 887971 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-15 | Restricted Stock Units | $ | M | 3306 | Disposed | Common Stock (3306) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 3171 | Disposed | Common Stock (3171) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 5315 | Disposed | Common Stock (5315) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 51392 | Disposed | Common Stock (51392) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | A | 39025 | Acquired | Common Stock (39025) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 88081 | Indirect |
Footnotes
F1: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F2: Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F3: Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4: This award fully vested on April 15, 2024.
F5: The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F6: The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025,
10/15/2025, 01/15/2026 and 04/15/2026.
F7: The grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2021. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results that were certified on 04/15/2024.
F8: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.