Mitchell Gaynor - Oct 15, 2022 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP, CALO
Signature: Mitchell L. Gaynor by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Oct 15, 2022
Transactions value $: -$302,492
Form type: 4
Date filed: 10/18/2022, 03:27 PM
Previous filing: Sep 16, 2022
Next filing: Jan 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Sale	-$198K	-5K	-4.61%	$39.61	103K	Oct 15, 2022	Direct	F1, F2
transaction	MRVL	Common Stock	Options Exercise	$0	+2.82K	+2.72%	$0.00	106K	Oct 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$51.7K	-1.4K	-1.31%	$37.01	105K	Oct 15, 2022	Direct	F3
transaction	MRVL	Common Stock	Options Exercise	$0	+1.61K	+1.54%	$0.00	106K	Oct 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$29.6K	-801	-0.75%	$37.01	106K	Oct 15, 2022	Direct	F3
transaction	MRVL	Common Stock	Options Exercise	$0	+1.26K	+1.19%	$0.00	107K	Oct 15, 2022	Direct
transaction	MRVL	Common Stock	Tax liability	-$23.1K	-624	-0.58%	$37.01	106K	Oct 15, 2022	Direct	F3

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	-2.82K	-33.34%	$0.00	5.63K	Oct 15, 2022	Common Stock	2.82K		Direct	F4, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.61K	-14.28%	$0.00	9.69K	Oct 15, 2022	Common Stock	1.61K		Direct	F4, F6
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.26K	-9.09%	$0.00	12.6K	Oct 15, 2022	Common Stock	1.26K		Direct	F4, F7

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

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.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.02 to $40.09, 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.
F3	Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4	Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F5	The remaining RSUs will vest on 01/15/2023 and 04/15/2023.
F6	The remaining RSUs will vest on 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F7	The remaining RSUs will vest on 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.