Matthew J. Murphy - 15 Jul 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: Chairman of the Board and CEO, Director
Signature: /s/ Matthew J. Murphy by Blair Walters as attorney-in-fact
Issuer symbol: MRVL
Transactions as of: 15 Jul 2024
Net transactions value: -$530,582
Form type: 4
Filing time: 16 Jul 2024, 18:49:04 UTC
Previous filing: 16 May 2024
Next filing: 17 Sep 2024
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	+3,075	+1.5%	$0.000000	209,637	15 Jul 2024	Direct	F1, F2
transaction	MRVL	Common Stock	Tax liability	$100,758	-1,369	-0.65%	$73.60	208,268	15 Jul 2024	Direct	F3
transaction	MRVL	Common Shares	Options Exercise	$0	+5,519	+2.6%	$0.000000	213,787	15 Jul 2024	Direct
transaction	MRVL	Common Shares	Tax liability	$186,576	-2,535	-1.2%	$73.60	211,252	15 Jul 2024	Direct	F3
transaction	MRVL	Common Stock	Options Exercise	$0	+6,968	+3.3%	$0.000000	218,220	15 Jul 2024	Direct
transaction	MRVL	Common Stock	Tax liability	$243,248	-3,305	-1.5%	$73.60	214,915	15 Jul 2024	Direct	F3

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	-3,075	-25%	$0.000000	9,226	15 Jul 2024	Common Stock	3,075		Direct	F2, F4, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-5,519	-10%	$0.000000	49,673	15 Jul 2024	Common Stock	5,519		Direct	F2, F4, F6
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-6,968	-8.3%	$0.000000	76,656	15 Jul 2024	Common Stock	6,968		Direct	F4, F7

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

Explanation of Responses:

Id	Content
F1	Total holdings includes 599 shares purchased on June 7, 2024 under the Company's Employee Stock Purchase Plan (ESPP).
F2	Since the date of the reporting person's last ownership report, he transferred to his ex-spouse pursuant to a domestic relations order: (i) 480,582 vested shares of Marvell common stock (which have been deducted from his aggregate holdings in column 5, table 1 of this Form 4), (ii) 45,416 unvested restricted stock units ("RSUs")(which have been deducted from his aggregate holdings in column 9, table 2 of this Form 4), (iii) 71,711 performance-based RSUs for which settlement has been deferred, and (iv) 94,194 unvested performance-based RSUs subject to a hurdle award. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
F3	Surrender of shares in payment of tax withholding due as a result of the vesting of RSUs.
F4	Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F5	The remaining RSUs will vest on 10/15/2024, 01/15/2025 and 04/15/2025.
F6	The remaining RSUs will vest on 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, and 04/15/2026.
F7	The remaining RSUs will vest on 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, 04/15/2026, 07/15/2026, 10/15/2026, 01/15/2027, and 04/15/2027.