Marvell Technology, Inc. — Director's Dealing 2023

Aug 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2023-08-22

Reporting Person: Koopmans Chris (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-22	Restricted Stock Units	$	A	37488	Acquired		Common Stock (37488)	Direct

Footnotes

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 August 22, 2023. 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, 37,488 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). The other
tranches of the grant remain outstanding as the performance criteria have not yet been satisfied.