Nariman Yousefi - 15 Jan 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP, Automotive, Coherent DSP
Signature: Nariman Yousefi by Blair Walters as Attorney-in-Fact
Issuer symbol: MRVL
Transactions as of: 15 Jan 2023
Net transactions value: -$39,003
Form type: 4
Filing time: 18 Jan 2023, 10:00:17 UTC
Previous filing: 05 Dec 2022
Next filing: 17 Feb 2023
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	+1,640	+0.59%	$0.000000	278,798	15 Jan 2023	Direct
transaction	MRVL	Common Stock	Tax liability	$39,003	-959	-0.34%	$40.67	277,839	15 Jan 2023	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	+1,640	+12%	$0.000000	14,762	15 Jan 2023	Common Stock	1,640		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. common share upon vesting.
F3	The remaining RSUs will vest on 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.