Muhammad Raghib Hussain - 15 Oct 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: President, Products & Tech
Signature: Muhammad Raghib Hussain by Blair Walters as Attorney-in-Fact
Issuer symbol: MRVL
Transactions as of: 15 Oct 2023
Net transactions value: -$307,722
Form type: 4
Filing time: 17 Oct 2023, 18:47:40 UTC
Previous filing: 24 Aug 2023
Next filing: 28 Dec 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	+3,305	+0.39%	$0.000000	857,662	15 Oct 2023	Direct
transaction	MRVL	Common Stock	Tax liability	$86,244	-1,639	-0.19%	$52.62	856,023	15 Oct 2023	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+3,171	+0.37%	$0.000000	859,194	15 Oct 2023	Direct
transaction	MRVL	Common Stock	Tax liability	$82,771	-1,573	-0.18%	$52.62	857,621	15 Oct 2023	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+5,315	+0.62%	$0.000000	862,936	15 Oct 2023	Direct
transaction	MRVL	Common Stock	Tax liability	$138,706	-2,636	-0.31%	$52.62	860,300	15 Oct 2023	Direct	F1
holding	MRVL	Common Stock						88,081	15 Oct 2023	By Family Trusts	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	-3,305	-33%	$0.000000	6,612	15 Oct 2023	Common Stock	3,305		Direct	F3, F4
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-3,171	-14%	$0.000000	19,026	15 Oct 2023	Common Stock	3,171		Direct	F3, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-5,315	-9.1%	$0.000000	53,148	15 Oct 2023	Common Stock	5,315		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 unit ("RSUs").
F2	Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F3	Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F4	The remaining RSUs will vest on 01/15/2024 and 04/15/2024.
F5	The remaining RSUs will vest on 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 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.