Marvell Technology, Inc. — Director's Dealing 2021

Jul 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2021-07-15

Reporting Person: MURPHY MATTHEW J (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-15	Common Stock	S	17300	$55.81	Disposed	210600	Indirect
2021-07-15	Common Stock	S	2700	$56.61	Disposed	207900	Indirect
2021-07-15	Common Stock	M	7516	$0.00	Acquired	215416	Indirect
2021-07-15	Common Stock	F	3092	$55.70	Disposed	212324	Indirect
2021-07-15	Common Stock	M	11598	$0.00	Acquired	223922	Indirect
2021-07-15	Common Stock	F	5242	$55.70	Disposed	218680	Indirect
2021-07-15	Common Stock	M	14910	$0.00	Acquired	233590	Indirect
2021-07-15	Common Stock	F	6058	$55.70	Disposed	227532	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-15	Restricted Stock Units	$	M	7516	Disposed		Common Stock (7516)	Direct
2021-07-15	Restricted Stock Units	$	M	11598	Disposed		Common Stock (11598)	Direct
2021-07-15	Restricted Stock Units	$	M	14910	Disposed		Common Stock (14910)	Direct

Footnotes

F1: The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.39 to $56.37, 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: Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.39 to $56.92, 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: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").

F6: Each restricted stock unit represents a contingent right to receive one Marvell common share upon vesting.

F7: The remaining RSUs will vest on 10/15/2021, 01/15/2022, 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.

F8: The remaining RSUs will vest on 10/15/2021, 01/15/2022 and 04/15/2022.

F9: The remaining RSUs will vest on 10/15/2021, 01/15/2022, 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.