NARIMAN YOUSEFI - 31 Dec 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
Issuer symbol: MRVL
Transactions as of: 31 Dec 2021
Net transactions value: -$5,797,262
Form type: 4
Filing time: 04 Jan 2022, 14:54:39 UTC
Previous filing: 28 Dec 2021
Next filing: 17 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Options Exercise	$0	+133,647	+69%	$0.000000	327,987	31 Dec 2021	Direct
transaction	MRVL	Common Stock	Tax liability	$5,797,262	-66,262	-20%	$87.49	261,725	31 Dec 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	-133,647	-100%	$0.000000^*	0	31 Dec 2021	Common Stock	133,647		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.