Muhammad Raghib Hussain - Dec 5, 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: President, Products & Tech
Signature: Muhammad Raghib Hussain 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, 02:33 PM
Previous filing: Oct 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	+75K	+100%	$0.00	150K	Dec 5, 2024	Common Stock	75K		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, 74,975 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.

Content

Each restricted stock unit (RSU) represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.

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, 74,975 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.