Filing Details
- Accession Number:
- 0001835632-24-000028
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-04-16 18:51:05
- Reporting Period:
- 2024-04-15
- Accepted Time:
- 2024-04-16 18:51:05
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1835632 | Marvell Technology Inc. | MRVL | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1381430 | J Matthew Murphy | 5488 Marvell Lane Santa Clara CA 95054 | Chair Of Board, President, Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-04-15 | 7,517 | $0.00 | 740,446 | No | 4 | M | Indirect | By Trust |
| Common Stock | Disposition | 2024-04-15 | 3,327 | $67.88 | 737,119 | No | 4 | F | Indirect | By Trust |
| Common Stock | Acquisiton | 2024-04-15 | 6,150 | $0.00 | 743,269 | No | 4 | M | Indirect | By Trust |
| Common Stock | Disposition | 2024-04-15 | 2,721 | $67.88 | 740,548 | No | 4 | F | Indirect | By Trust |
| Common Stock | Acquisiton | 2024-04-15 | 11,039 | $0.00 | 751,587 | No | 4 | M | Indirect | By Trust |
| Common Stock | Disposition | 2024-04-15 | 5,042 | $67.88 | 746,545 | No | 4 | F | Indirect | By Trust |
| Common Shares | Disposition | 2024-04-15 | 30,000 | $68.82 | 716,545 | No | 4 | S | Indirect | By Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | By Trust |
| No | 4 | F | Indirect | By Trust |
| No | 4 | M | Indirect | By Trust |
| No | 4 | F | Indirect | By Trust |
| No | 4 | M | Indirect | By Trust |
| No | 4 | F | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2024-04-15 | 7,517 | $0.00 | 7,517 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2024-04-15 | 6,150 | $0.00 | 6,150 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2024-04-15 | 11,039 | $0.00 | 11,039 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2024-04-15 | 143,421 | $0.00 | 143,421 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2024-04-15 | 83,624 | $0.00 | 83,624 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 24,603 | No | 4 | M | Direct | ||
| 88,306 | No | 4 | M | Direct | ||
| 143,421 | No | 4 | J | Direct | ||
| 83,624 | No | 4 | A | Direct |
Footnotes
- Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
- Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
- Sales were made pursuant to a 10b5-1 Plan dated September 15, 2022 and modified on March 21, 2023.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.73 to $71.64, 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.
- Each RSU represents a contingent right to receive one Marvell common share upon vesting.
- This award fully vested on April 15, 2024.
- The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
- 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.
- This grant fully vested on 04/15/2024, but settlement of this grant has been deferred by the recipient. Reflects the number of shares earned in respect of performance based RSUs 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 were certified on 04/15/2024.
- The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process
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