Marvell Technology, Inc. — Director's Dealing 2023

Apr 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2023-04-15

Reporting Person: Hussain Muhammad Raghib (President, Products & Tech)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-15	Common Stock	M	6959	$0.00	Acquired	764301	Direct
2023-04-15	Common Stock	F	3451	$40.29	Disposed	760850	Direct
2023-04-15	Common Stock	M	3306	$0.00	Acquired	764156	Direct
2023-04-15	Common Stock	F	1640	$40.29	Disposed	762516	Direct
2023-04-15	Common Stock	M	3171	$0.00	Acquired	765687	Direct
2023-04-15	Common Stock	F	1573	$40.29	Disposed	764114	Direct
2023-04-15	Common Stock	M	167000	$0.00	Acquired	931114	Direct
2023-04-15	Common Stock	F	82799	$40.29	Disposed	848315	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-15	Restricted Stock Units	$	M	6959	Disposed		Common Stock (6959)	Direct
2023-04-15	Restricted Stock Units	$	M	3306	Disposed		Common Stock (3306)	Direct
2023-04-15	Restricted Stock Units	$	M	3171	Disposed		Common Stock (3171)	Direct
2023-04-15	Restricted Stock Units	$	M	167000	Disposed		Common Stock (167000)	Direct
2023-04-15	Restricted Stock Units	$	A	63777	Acquired		Common Stock (63777)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	88081	Indirect

Footnotes

F1: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").

F2: Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family.

F3: Each RSU represents a contingent right to receive one Marvell common share upon vesting.

F4: This award fully vested on April 15, 2023.

F5: The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.

F6: The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.

F7: This award is fully vested. Reflects the number of shares earned in respect of performance based RSUs granted on 04/15/2020. 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 04/14/2023.

F8: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.