Marvell Technology, Inc. — Director's Dealing 2022

Apr 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2022-04-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-18	Common Stock	S	30000	$60.64	Disposed	501886	Indirect
2022-04-15	Common Stock	M	11599	$0.00	Acquired	513485	Indirect
2022-04-15	Common Stock	F	5296	$60.97	Disposed	508189	Indirect
2022-04-15	Common Stock	M	333194	$0.00	Acquired	841383	Indirect
2022-04-15	Common Stock	F	152115	$60.97	Disposed	689268	Indirect
2022-04-15	Common Stock	M	14910	$0.00	Acquired	704178	Indirect
2022-04-15	Common Stock	F	6312	$60.97	Disposed	697866	Indirect
2022-04-15	Common Stock	M	7517	$0.00	Acquired	705383	Indirect
2022-04-15	Common Stock	F	3331	$60.97	Disposed	702052	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-15	Restricted Stock Units	$	M	11599	Disposed		Common Stock (11599)	Direct
2022-04-15	Restricted Stock Units	$	M	333194	Disposed		Common Stock (333194)	Direct
2022-04-15	Restricted Stock Units	$	M	14910	Disposed		Common Stock (14910)	Direct
2022-04-15	Restricted Stock Units	$	M	7517	Disposed		Common Stock (7517)	Direct
2022-04-15	Restricted Stock Units	$	A	73807	Acquired		Common Stock (73807)	Direct

Footnotes

F1: The sale 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 $60.16 to $61.22, 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, 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: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").

F5: Each RSU represents a contingent right to receive one Marvell common share upon vesting.

F6: This award fully vested on April 15, 2022.

F7: This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on 04/15/2022.

F8: The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.

F9: The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.

F10: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.