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Marvell Technology, Inc. — Director's Dealing 2024
Apr 17, 2024
29937_dirs_2024-04-16_6ad9a98b-1b3b-483b-9af0-1735f55c504f.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: 2024-04-15
Reporting Person: Koopmans Chris (EVP, Chief Operations Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-15 | Common Stock | S | 5000 | $71.25 | Disposed | 109117 | Indirect |
| 2024-04-15 | Common Stock | M | 1384 | — | Acquired | 110501 | Indirect |
| 2024-04-15 | Common Stock | F | 687 | $67.88 | Disposed | 109814 | Indirect |
| 2024-04-15 | Common Stock | M | 2187 | — | Acquired | 112001 | Indirect |
| 2024-04-15 | Common Stock | F | 1085 | $67.88 | Disposed | 110916 | Indirect |
| 2024-04-15 | Common Stock | M | 1367 | — | Acquired | 112283 | Indirect |
| 2024-04-15 | Common Stock | F | 678 | $67.88 | Disposed | 111605 | Indirect |
| 2024-04-15 | Common Stock | M | 4497 | — | Acquired | 116102 | Indirect |
| 2024-04-15 | Common Stock | F | 2230 | $67.88 | Disposed | 113872 | Indirect |
| 2024-04-15 | Common Stock | M | 21514 | — | Acquired | 135386 | Indirect |
| 2024-04-15 | Common Stock | F | 10667 | $67.88 | Disposed | 124719 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-15 | Restricted Stock Units | $ | M | 1384 | Disposed | Common Stock (1384) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 2187 | Disposed | Common Stock (2187) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 1367 | Disposed | Common Stock (1367) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 4497 | Disposed | Common Stock (4497) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 21514 | Disposed | Common Stock (21514) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | A | 33450 | Acquired | Common Stock (33450) | Direct |
Footnotes
F1: Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on 07/14/2023.
F2: Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
F3: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4: Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5: This award fully vested on April 15, 2024.
F6: The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F7: 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.
F8: 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.
F9: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.