04/16/2025 | Press release | Distributed by Public on 04/16/2025 19:14
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (3) | 04/15/2025 | M | 2,187 | (4) | (4) | Common Stock | 2,187 | $ 0 | 0 | D | ||||
Restricted Stock Units | (3) | 04/15/2025 | M | 1,367 | (4) | (4) | Common Stock | 1,367 | $ 0 | 0 | D | ||||
Restricted Stock Units | (3) | 04/15/2025 | M | 4,497 | (5) | (5) | Common Stock | 4,497 | $ 0 | 17,989 | D | ||||
Restricted Stock Units | (3) | 04/15/2025 | M | 2,788 | (6) | (6) | Common Stock | 2,788 | $ 0 | 22,300 | D | ||||
Restricted Stock Units | (3) | 04/15/2025 | M | 33,066 | (7) | (7) | Common Stock | 33,066 | $ 0 | 0 | D | ||||
Restricted Stock Units | (3) | 04/15/2025 | A | 48,923 | (8) | (8) | Common Stock | 48,923 | $ 0 | 48,923 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Koopmans Chris 5488 MARVELL LANE SANTA CLARA, CA 95054 |
Chief Operating Officer |
Christopher Koopmans by Blair Walters as Attorney-in-Fact | 04/16/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust. |
(2) | Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs"). |
(3) | Each RSU represents a contingent right to receive one Marvell common share upon vesting. |
(4) | This grant fully vested on 04/15/2025. |
(5) | The remaining RSUs will vest on 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026. |
(6) | The remaining RSUs will vest on 07/15/2025, 10/15/2025, 01/15/2026, 04/15/2026, 07/15/2026, 10/15/2026, 01/15/2027, and 04/15/2027. |
(7) | The grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2022. 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 04/15/2025. |
(8) | The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process. |