Jean X. Hu - Jul 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: Chief Financial Officer
Signature: Jean X. Hu by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Jul 15, 2022
Transactions value $: -$185,840
Form type: 4
Date filed: 7/19/2022, 04:06 PM
Previous filing: Jun 17, 2022
Next filing: Aug 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Options Exercise	$0	+3.98K	+1.74%	$0.00	232K	Jul 15, 2022	Direct	F1
transaction	MRVL	Common Stock	Tax liability	-$83.8K	-1.74K	-0.75%	$48.22	230K	Jul 15, 2022	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+2.46K	+1.07%	$0.00	233K	Jul 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$48.5K	-1.01K	-0.43%	$48.22	232K	Jul 15, 2022	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+2.62K	+1.13%	$0.00	234K	Jul 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$53.6K	-1.11K	-0.47%	$48.22	233K	Jul 15, 2022	Direct	F2

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	-3.98K	-25%	$0.00	11.9K	Jul 15, 2022	Common Stock	3.98K		Direct	F3, F4
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-2.46K	-12.5%	$0.00	17.2K	Jul 15, 2022	Common Stock	2.46K		Direct	F3, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-2.62K	-8.33%	$0.00	28.9K	Jul 15, 2022	Common Stock	2.62K		Direct	F3, F6

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

Explanation of Responses:

Id	Content
F1	Includes 572 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2022.
F2	Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3	Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4	The remaining RSUs will vest on 10/15/2022, 01/15/2023 and 04/15/2023.
F5	The remaining RSUs will vest on 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6	The remaining RSUs will vest on 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.