Willem Meintjes - Oct 15, 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: Chief Financial Officer
Signature: /s/ Willem Meintjes by Blair Walters as attorney-in-fact
Stock symbol: MRVL
Transactions as of: Oct 15, 2024
Transactions value $: -$426,399
Form type: 4
Date filed: 10/17/2024, 06:34 PM
Previous filing: Sep 17, 2024
Next filing: Nov 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Sale	-$121K	-1.5K	-1.34%	$80.50	110K	Oct 15, 2024	Direct	F1
transaction	MRVL	Common Stock	Options Exercise	$0	+766	+0.69%	$0.00	111K	Oct 15, 2024	Direct
transaction	MRVL	Common Stock	Tax liability	-$25K	-315	-0.28%	$79.41	111K	Oct 15, 2024	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+2.55K	+2.3%	$0.00	113K	Oct 15, 2024	Direct
transaction	MRVL	Common Stock	Tax liability	-$84.1K	-1.06K	-0.94%	$79.41	112K	Oct 15, 2024	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+3.44K	+3.06%	$0.00	116K	Oct 15, 2024	Direct
transaction	MRVL	Common Stock	Tax liability	-$113K	-1.43K	-1.23%	$79.41	114K	Oct 15, 2024	Direct	F2
transaction	MRVL	Common Stock	Options Exercise	$0	+2.56K	+2.24%	$0.00	117K	Oct 15, 2024	Direct
transaction	MRVL	Common Stock	Tax liability	-$83.4K	-1.05K	-0.9%	$79.41	116K	Oct 15, 2024	Direct	F2

Showing 1 to 9 of 9 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-766	-33.35%	$0.00	1.53K	Oct 15, 2024	Common Stock	766	Direct	F3, F4
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-2.55K	-16.66%	$0.00	12.8K	Oct 15, 2024	Common Stock	2.55K	Direct	F3, F5
transaction	MRVL	Restricted Share Units	Options Exercise	$0	-3.44K	-14.29%	$0.00	20.6K	Oct 15, 2024	Common Shares	3.44K	Direct	F3, F6
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-2.56K	-9.09%	$0.00	25.6K	Oct 15, 2024	Common Stock	2.56K	Direct	F3, F7

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Sales were made pursuant to a 10b5-1 Plan dated April 8, 2024.
F2	Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("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 01/15/2025 and 04/15/2025.
F5	The remaining RSUs will vest on 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, and 01/15/2026.
F6	The remaining RSUs will vest on 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 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.