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Marvell Technology, Inc. — Director's Dealing 2024
Jan 18, 2024
29937_dirs_2024-01-17_702ee174-08c7-4fbb-99e6-c4f2bd2aa573.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: 2024-01-15
Reporting Person: Koopmans Chris (EVP, Chief Operations Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-15 | Common Stock | M | 1384 | — | Acquired | 125876 | Indirect |
| 2024-01-15 | Common Stock | F | 767 | $65.68 | Disposed | 125109 | Indirect |
| 2024-01-15 | Common Stock | M | 2187 | — | Acquired | 127296 | Indirect |
| 2024-01-15 | Common Stock | F | 1134 | $65.68 | Disposed | 126162 | Indirect |
| 2024-01-15 | Common Stock | M | 1366 | — | Acquired | 127528 | Indirect |
| 2024-01-15 | Common Stock | F | 678 | $65.68 | Disposed | 126850 | Indirect |
| 2024-01-15 | Common Stock | M | 4497 | — | Acquired | 131347 | Indirect |
| 2024-01-15 | Common Stock | F | 2230 | $65.68 | Disposed | 129117 | Indirect |
| 2024-01-16 | Common Stock | S | 5000 | $65.26 | Disposed | 124117 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-15 | Restricted Stock Units | $ | M | 1384 | Disposed | Common Stock (1384) | Direct | |
| 2024-01-15 | Restricted Stock Units | $ | M | 2187 | Disposed | Common Stock (2187) | Direct | |
| 2024-01-15 | Restricted Stock Units | $ | M | 1366 | Disposed | Common Stock (1366) | Direct | |
| 2024-01-15 | Restricted Stock Units | $ | M | 4497 | Disposed | Common Stock (4497) | Direct |
Footnotes
F1: Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
F2: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3: Sales were made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on 07/14/2023.
F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.69 to $65.73, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F5: Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F6: The remaining RSUs will vest on 04/15/2024.
F7: The remaining RSUs will vest on 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F8: The remaining RSUs will vest on 04/15/2024, 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.