Marvell Technology, Inc. — Director's Dealing 2021

Nov 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2021-11-15

Reporting Person: Hussain Muhammad Raghib (President, Products & Tech)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-15	Common Stock	M	72976	$12.12	Acquired	640513	Direct
2021-11-15	Common Stock	M	25991	$15.59	Acquired	666504	Direct
2021-11-15	Common Stock	M	25990	$15.59	Acquired	692494	Direct
2021-11-15	Common Stock	S	52796	$72.34	Disposed	639698	Direct
2021-11-15	Common Stock	S	44195	$72.80	Disposed	595503	Direct
2021-11-15	Common Stock	S	3009	$73.63	Disposed	592494	Direct
2021-11-15	Common Stock	S	69083	$72.35	Disposed	523411	Direct
2021-11-15	Common Stock	S	52287	$72.82	Disposed	471124	Direct
2021-11-15	Common Stock	S	3587	$73.63	Disposed	467557	Direct
2021-11-16	Common Stock	S	100000	$72.33	Disposed	367557	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-15	Non-Qualified Stock Option	$12.12	M	72976	Disposed		Common Stock (72976)	Direct
2021-11-15	Non-Qualified Stock Option	$15.59	M	25991	Disposed		Common Stock (25991)	Direct
2021-11-15	Non-Qualified Stock Option	$15.59	M	25990	Disposed		Common Stock (25990)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	88081	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reported person.

F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.56 to $72.56, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F3: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.57 to $73.58, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.59 to $73.68, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F5: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.58 to $72.58, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F6: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.59 to $73.59, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F7: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.59 to $73.65, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F8: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.01 to $72.79, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F9: Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.

F10: The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reported person.

F11: The stock options completely vested on 11/01/2018.

F12: The stock options completely vested on 02/16/2019.