Willem Meintjes - Apr 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: SVP, Chief Accounting Officer
Signature: /s/ Willem Meintjes by Blair Walters as attorney-in-fact
Stock symbol: MRVL
Transactions as of: Apr 15, 2022
Transactions value $: -$788,769
Form type: 4
Date filed: 4/19/2022, 08:56 PM
Previous filing: Jan 19, 2022
Next filing: Jul 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Options Exercise	$0	+1.13K	+1.82%	$0.00	63.4K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$21K	-344	-0.54%	$60.97	63.1K	Apr 15, 2022	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+27.2K	+43.12%	$0.00	90.3K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$740K	-12.1K	-13.44%	$60.97	78.2K	Apr 15, 2022	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+1.16K	+1.48%	$0.00	79.3K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$19.9K	-327	-0.41%	$60.97	79K	Apr 15, 2022	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+538	+0.68%	$0.00	79.5K	Apr 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$8.05K	-132	-0.17%	$60.97	79.4K	Apr 15, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.13K	-100%	$0.00^*	0	Apr 15, 2022	Common Stock	1.13K		Direct	F2, F3
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-27.2K	-100%	$0.00^*	0	Apr 15, 2022	Common Stock	27.2K		Direct	F2, F4
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.16K	-20%	$0.00	4.64K	Apr 15, 2022	Common Stock	1.16K		Direct	F2, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-538	-11.11%	$0.00	4.31K	Apr 15, 2022	Common Stock	538		Direct	F2, F6
transaction	MRVL	Restricted Stock Units	Award	$0	+9.19K		$0.00	9.19K	Apr 15, 2022	Common Stock	9.19K		Direct	F2, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F2	Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F3	This award fully vested on April 15, 2022.
F4	This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019. 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 04/15/2022.
F5	The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.
F6	The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F7	The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.