Marvell Technology, Inc. — Director's Dealing 2023

Jul 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2023-07-15

Reporting Person: MURPHY MATTHEW J (Director, Chair of Board, President, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-15	Common Shares	M	7516	$0.00	Acquired	968641	Indirect
2023-07-15	Common Shares	F	3247	$63.45	Disposed	965394	Indirect
2023-07-15	Common Shares	M	6150	$0.00	Acquired	971544	Indirect
2023-07-15	Common Shares	F	2618	$63.45	Disposed	968926	Indirect
2023-07-15	Common Shares	M	11038	$0.00	Acquired	979964	Indirect
2023-07-15	Common Shares	F	4719	$63.45	Disposed	975245	Indirect
2023-07-15	Common Shares	S	30000	$64.13	Disposed	945245	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-15	Restricted Stock Units	$	M	7516	Disposed		Common Shares (7516)	Direct
2023-07-15	Restricted Stock Units	$	M	6150	Disposed		Common Shares (6150)	Direct
2023-07-15	Restricted Stock Units	$	M	11038	Disposed		Common Shares (11038)	Direct

Footnotes

F1: Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.

F2: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").

F3: Sales were made pursuant to a 10b5-1 Plan dated September 2022 and modified on March 21, 2023.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.02 to $64.90, 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.

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

F6: The remaining RSUs will vest on 10/15/2023, 01/15/2024 and 04/15/2024.

F7: The remaining RSUs will vest on 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.

F8: The remaining RSUs will vest on 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.