Nariman Yousefi - Dec 31, 2021 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP, Auto Coherent DSP&Switch
Signature: Nariman Yousefi by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Dec 31, 2021
Transactions value $: -$5,797,262
Form type: 4
Date filed: 1/4/2022, 02:54 PM
Previous filing: Dec 28, 2021
Next filing: Feb 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Options Exercise	$0	+134K	+68.77%	$0.00	328K	Dec 31, 2021	Direct
transaction	MRVL	Common Stock	Tax liability	-$5.8M	-66.3K	-20.2%	$87.49	262K	Dec 31, 2021	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	-134K	-100%	$0.00^*	0	Dec 31, 2021	Common Stock	134K		Direct	F2, F3

* 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 Technology, Inc. ("Marvell") common share upon vesting.
F3	This award fully vested on 12/31/2021. Reflects the number of shares earned in respect of performance based restricted stock. This award was assumed by Marvell on 04/20/2021 as part of the acquisition of Inphi Corporation. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were attained effective 12/31/2021.