William E. Martin III - Aug 21, 2023 Form 4 Insider Report for MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI)

Role: Chief Executive Officer
Signature: /s/ Kurt Oreshack, by power of attorney for William E. Martin, III
Stock symbol: MRVI
Transactions as of: Aug 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/22/2023, 04:22 PM
Previous filing: Oct 19, 2022
Next filing: Oct 17, 2023

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	MRVI	Performance Stock Units	Award	$0	+300K		$0.00	300K	Aug 21, 2023	Class A Common Stock	300K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents performance-based restricted stock units ("PSUs") awarded under the Maravai LifeSciences Holdings, Inc. 2020 Omnibus Incentive Plan (the "Omnibus Incentive Plan"). Each PSU represents the contingent right to receive one share of Class A Common Stock of the Issuer. The PSUs will vest on August 21, 2026, if and to the extent the volume-weighted average price of a share of the Class A Common Stock of the Issuer equals or exceeds certain thresholds for the 60 consecutive trading days immediately preceding August 21, 2026, provided that in the event of a Change in Control (as defined in the Omnibus Incentive Plan) prior to August 21, 2026, the PSUs will convert to time-based restricted stock units that will fully vest on August 21, 2026, subject to the Reporting Person's continued employment with the Issuer through such date.

Content

Represents performance-based restricted stock units ("PSUs") awarded under the Maravai LifeSciences Holdings, Inc. 2020 Omnibus Incentive Plan (the "Omnibus Incentive Plan"). Each PSU represents the contingent right to receive one share of Class A Common Stock of the Issuer. The PSUs will vest on August 21, 2026, if and to the extent the volume-weighted average price of a share of the Class A Common Stock of the Issuer equals or exceeds certain thresholds for the 60 consecutive trading days immediately preceding August 21, 2026, provided that in the event of a Change in Control (as defined in the Omnibus Incentive Plan) prior to August 21, 2026, the PSUs will convert to time-based restricted stock units that will fully vest on August 21, 2026, subject to the Reporting Person's continued employment with the Issuer through such date.