Marvell Technology, Inc. — Director's Dealing 2022

Jan 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2022-01-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-29	Common Stock	G	20000	$0.00	Disposed	602349	Indirect
2022-01-18	Common Stock	S	30000	$79.06	Disposed	572349	Indirect
2022-01-15	Common Stock	M	7517	$0.00	Acquired	579866	Indirect
2022-01-15	Common Stock	F	3352	$83.00	Disposed	576514	Indirect
2022-01-15	Common Stock	M	11598	$0.00	Acquired	588112	Indirect
2022-01-15	Common Stock	F	4834	$83.00	Disposed	583278	Indirect
2022-01-15	Common Stock	M	14911	$0.00	Acquired	598189	Indirect
2022-01-15	Common Stock	F	6303	$83.00	Disposed	591886	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-15	Restricted Stock Units	$	M	7517	Disposed		Common Stock (7517)	Direct
2022-01-15	Restricted Stock Units	$	M	11598	Disposed		Common Stock (11598)	Direct
2022-01-15	Restricted Stock Units	$	M	14911	Disposed		Common Stock (14911)	Direct

Footnotes

F1: This is a bona fide gift of 20,000 shares. No value was received for the gifted shares. Transaction voluntarily reported earlier than required.

F2: Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.

F3: The sales of these shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.51 to $81.42, 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.

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 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 fully vest on 04/15/2022.

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