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

Role: EVP Worldwide Sales
Signature: Dean Jarnac by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Jul 15, 2023
Transactions value $: -$167,254
Form type: 4
Date filed: 7/19/2023, 02:07 PM
Previous filing: May 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Options Exercise	$0	+1.38K	+230.67%	$0.00	1.98K	Jul 15, 2023	Direct	F1
transaction	MRVL	Common Stock	Tax liability	-$43.6K	-687	-34.63%	$63.45	1.3K	Jul 15, 2023	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+1.31K	+101.16%	$0.00	2.61K	Jul 15, 2023	Direct
transaction	MRVL	Common Stock	Tax liability	-$41.3K	-651	-24.95%	$63.45	1.96K	Jul 15, 2023	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+2.62K	+133.61%	$0.00	4.57K	Jul 15, 2023	Direct
transaction	MRVL	Common Stock	Tax liability	-$82.4K	-1.3K	-28.38%	$63.45	3.28K	Jul 15, 2023	Direct	F2
holding	MRVL	Common Stock						100K	Jul 15, 2023	By Family Trusts

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	-1.38K	-25%	$0.00	4.15K	Jul 15, 2023	Common Stock	1.38K		Direct	F3, F4
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-1.31K	-12.5%	$0.00	9.19K	Jul 15, 2023	Common Stock	1.31K		Direct	F3, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-2.62K	-8.33%	$0.00	28.8K	Jul 15, 2023	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 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 unit ("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.