Mitchell Gaynor - Jul 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP, Chief Admin Officer
Signature: Mitchell Gaynor by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Jul 15, 2023
Transactions value $: -$149,615
Form type: 4
Date filed: 7/18/2023, 03:28 PM
Previous filing: Apr 18, 2023
Next filing: Oct 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Options Exercise	$0	+1.61K	+1.1%	$0.00	148K	Jul 15, 2023	Direct	F1
transaction	MRVL	Common Stock	Tax liability	-$50.8K	-801	-0.54%	$63.45	147K	Jul 15, 2023	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+1.26K	+0.85%	$0.00	149K	Jul 15, 2023	Direct
transaction	MRVL	Common Stock	Tax liability	-$39.6K	-624	-0.42%	$63.45	148K	Jul 15, 2023	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+1.88K	+1.27%	$0.00	150K	Jul 15, 2023	Direct
transaction	MRVL	Common Stock	Tax liability	-$59.2K	-933	-0.62%	$63.45	149K	Jul 15, 2023	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	-1.61K	-24.99%	$0.00	4.84K	Jul 15, 2023	Common Stock	1.61K		Direct	F3, F4
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.26K	-12.5%	$0.00	8.8K	Jul 15, 2023	Common Stock	1.26K		Direct	F3, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.88K	-8.33%	$0.00	20.7K	Jul 15, 2023	Common Stock	1.88K		Direct	F3, F6

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

Explanation of Responses:

Id	Content
F1	Includes 600 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2023.
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 10/15/2023, 01/15/2024 and 04/15/2024.
F5	The remaining RSUs will vest on 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F6	The remaining RSUs will vest on 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.