Chris Koopmans - Jan 24, 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
Stock symbol: MRVL
Transactions as of: Jan 24, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/27/2025, 05:19 PM
Previous filing: Jan 23, 2025
Next filing: Feb 19, 2025

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	+50%	$0.00	112K	Jan 24, 2025	Common Stock	37.5K		Direct	F1, F2

Showing 1 to 1 of 1 entries

* 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.