Dean Jarnac - 15 Jul 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP Worldwide Sales
Signature: Dean Jarnac by Blair Walters as Attorney-in-Fact
Issuer symbol: MRVL
Transactions as of: 15 Jul 2022
Transactions value $: -$119,971
Form type: 4
Filing time: 19 Jul 2022, 19:20:39
Previous filing: 17 Jun 2022
Next filing: 16 Sep 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	+2.32K	+3.83%	$0.00	62.9K	15 Jul 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$55.5K	-1.15K	-1.83%	$48.22	61.8K	15 Jul 2022	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+1.38K	+2.24%	$0.00	63.2K	15 Jul 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$33.1K	-687	-1.09%	$48.22	62.5K	15 Jul 2022	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+1.31K	+2.1%	$0.00	63.8K	15 Jul 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$31.4K	-651	-1.02%	$48.22	63.1K	15 Jul 2022	Direct	F1
holding	MRVL	Common Stock						24.9K	15 Jul 2022	By Trust	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	-2.32K	-24.99%	$0.00	6.96K	15 Jul 2022	Common Stock	2.32K		Direct	F3, F4
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.38K	-12.5%	$0.00	9.69K	15 Jul 2022	Common Stock	1.38K		Direct	F3, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.31K	-8.33%	$0.00	14.4K	15 Jul 2022	Common Stock	1.31K		Direct	F3, F6

* 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	Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.
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.