Muhammad Raghib Hussain - Oct 15, 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: President, Products & Tech
Signature: /s/ Muhammad Raghib Hussain, by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Oct 15, 2024
Transactions value $: -$12,537,325
Form type: 4
Date filed: 10/17/2024, 06:56 PM
Previous filing: Jul 30, 2024
Next filing: Dec 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Shares	Sale	-$12.1M	-150K	-17.76%	$80.50	694K	Oct 15, 2024	Direct	F1
transaction	MRVL	Common Shares	Options Exercise	$0	+3.17K	+0.46%	$0.00	698K	Oct 15, 2024	Direct
transaction	MRVL	Common Shares	Tax liability	-$125K	-1.57K	-0.23%	$79.41	696K	Oct 15, 2024	Direct	F2
transaction	MRVL	Common Shares	Options Exercise	$0	+5.32K	+0.76%	$0.00	701K	Oct 15, 2024	Direct
transaction	MRVL	Common Shares	Tax liability	-$209K	-2.64K	-0.38%	$79.41	699K	Oct 15, 2024	Direct	F2
transaction	MRVL	Common Shares	Options Exercise	$0	+3.25K	+0.47%	$0.00	702K	Oct 15, 2024	Direct
transaction	MRVL	Common Shares	Tax liability	-$128K	-1.61K	-0.23%	$79.41	700K	Oct 15, 2024	Direct	F2
holding	MRVL	Common Stock						88.1K	Oct 15, 2024	By Family Trusts	F3

Showing 1 to 8 of 8 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	-3.17K	-33.33%	$0.00	6.34K	Oct 15, 2024	Common Stock	3.17K	Direct	F4, F5
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-5.32K	-14.29%	$0.00	31.9K	Oct 15, 2024	Common Stock	5.32K	Direct	F4, F6
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	-3.25K	-9.09%	$0.00	32.5K	Oct 15, 2024	Common Stock	3.25K	Direct	F4, 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 March 27, 2024.
F2	Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3	Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
F4	Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5	The remaining RSUs will vest on 01/15/2025 and 04/15/2025.
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.