Chris Koopmans - Dec 5, 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Signature
Christopher Koopmans by /s/ Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Dec 5, 2024
Transactions value $
$0
Form type
4
Date filed
12/9/2024, 02:29 PM
Previous filing
Nov 18, 2024
Next filing
Dec 17, 2024

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 Award $0 +37.5K +100% $0.00 75K Dec 5, 2024 Common Stock 37.5K 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 (RSU) represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F2 This performance-based RSU included stock price and total stockholder return based performance vesting criteria. The performance condition for a tranche was certified on December 5, 2024. As a result of satisfaction of a stock price-based performance metric and the application of the second performance based criteria, a TSR modifier to the award, 37,488 shares are now solely subject to a service-based vesting condition pursuant to which 50% of the shares will be eligible to vest on the 3-year anniversary of the original grant date and 50% of the shares will be eligible to vest on the 5-year anniversary of the original grant date (subject to continued service to the company on the vesting dates). As of December 5, 2024 performance-based criteria have now been satisfied for 2 of the 4 performance-based tranches.