Statement of Changes in Beneficial Ownership (4)
January 19 2022 - 4:39PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Hu Jean X. |
2. Issuer Name and Ticker or Trading Symbol
Marvell Technology, Inc.
[
MRVL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
5488 MARVELL LANE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/15/2022 |
(Street)
SANTA CLARA, CA 95054
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 1/18/2022 | | S | | 22277 (1) | D | $79.94 (2) | 164370 | D | |
Common Stock | 1/15/2022 | | M | | 2460 | A | $0.00 | 166830 | D | |
Common Stock | 1/15/2022 | | F(3) | | 622 | D | $83.00 | 166208 | D | |
Common Stock | 1/15/2022 | | M | | 3866 | A | $0.00 | 170074 | D | |
Common Stock | 1/15/2022 | | F(3) | | 1283 | D | $83.00 | 168791 | D | |
Common Stock | 1/15/2022 | | M | | 3976 | A | $0.00 | 172767 | D | |
Common Stock | 1/15/2022 | | F(3) | | 1163 | D | $83.00 | 171604 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (4) | 1/15/2022 | | M | | | 2460 | (5) | (5) | Common Stock | 2460 | $0.00 | 22141 | D | |
Restricted Stock Units | (4) | 1/15/2022 | | M | | | 3866 | (6) | (6) | Common Stock | 3866 | $0.00 | 3867 | D | |
Restricted Stock Units | (4) | 1/15/2022 | | M | | | 3976 | (7) | (7) | Common Stock | 3976 | $0.00 | 19881 | D | |
Explanation of Responses: |
(1) | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reported person. |
(2) | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.16 to $80.89, 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 ("SEC"), 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. |
(3) | Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs"). |
(4) | Each RSU represents a contingent right to receive one Marvell common share upon vesting. |
(5) | The remaining RSUs will vest on 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024. |
(6) | The remaining RSUs will fully vest on 04/15/2022. |
(7) | The remaining RSUs will vest on 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Hu Jean X. 5488 MARVELL LANE SANTA CLARA, CA 95054 |
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| Chief Financial Officer |
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Signatures
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Jean Hu by Blair Walters as Attorney-in-Fact | | 1/19/2022 |
**Signature of Reporting Person | Date |
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