Mitchell Gaynor - Dec 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP, Chief Admin Officer
Signature: Mitchell L. Gaynor by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Dec 15, 2023
Transactions value $: -$476,560
Form type: 4
Date filed: 12/18/2023, 02:12 PM
Previous filing: Nov 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Sale	-$477K	-8K	-5.91%	$59.57	127K	Dec 15, 2023	Direct	F1, F2

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 06/27/2023.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.16 to $60.03, 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.

Content

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 06/27/2023.

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.16 to $60.03, 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.