Chris Koopmans - 24 Jan 2025 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP, Chief Operations Officer
Signature: Christopher Koopmans by /s/ Blair Walters as Attorney-in-Fact
Issuer symbol: MRVL
Transactions as of: 24 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 27 Jan 2025, 17:19:00 UTC
Previous filing: 23 Jan 2025
Next filing: 19 Feb 2025
SEC: View on sec.gov

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	+37,487	+50%	$0.000000	112,463	24 Jan 2025	Common Stock	37,487		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 January 24, 2025. 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, 37,487 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 January 24, 2025 performance-based criteria have now been satisfied for 3 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 January 24, 2025. 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, 37,487 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 January 24, 2025 performance-based criteria have now been satisfied for 3 of the 4 performance-based tranches.