Brent D. Lang - Jun 13, 2023 Form 4 Insider Report for Movella Holdings Inc. (MVLA)

Role: Director
Signature: /s/ Dennis Calderon, Attorney-in-fact for Brent D. Lang
Stock symbol: MVLA
Transactions as of: Jun 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/15/2023, 05:55 PM
Previous filing: May 4, 2023
Next filing: Mar 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MVLA	Common Stock	Award	$0	+37.1K	+52%	$0.00	109K	Jun 13, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
F2	This award was granted effective June 13, 2023 and vests over three years. 1/3 of the total number of shares subject to the award will vest on the earlier of (i) June 13, 2024 or (ii) the issuer's 2024 annual meeting of stockholders, and in each of the next two calendar years, 1/3 of the number of shares subject to the award will vest on the earlier of (iii) the 12-month anniversary of the prior annual meeting of stockholders or (iv) the current year annual meeting of stockholders. The award will also become 100% vested if a Change in Control (as defined in the Movella Holdings Inc. 2022 Stock Incentive Plan) occurs during Mr. Lang's service as a director.

Content

Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.

This award was granted effective June 13, 2023 and vests over three years. 1/3 of the total number of shares subject to the award will vest on the earlier of (i) June 13, 2024 or (ii) the issuer's 2024 annual meeting of stockholders, and in each of the next two calendar years, 1/3 of the number of shares subject to the award will vest on the earlier of (iii) the 12-month anniversary of the prior annual meeting of stockholders or (iv) the current year annual meeting of stockholders. The award will also become 100% vested if a Change in Control (as defined in the Movella Holdings Inc. 2022 Stock Incentive Plan) occurs during Mr. Lang's service as a director.