Marvell Technology, Inc. — Director's Dealing 2023

Apr 18, 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: Jarnac Dean E Jr. (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-15	Common Stock	M	2320	$0.00	Acquired	71284	Direct
2023-04-15	Common Stock	F	1151	$40.29	Disposed	70133	Direct
2023-04-15	Common Stock	M	1384	$0.00	Acquired	71517	Direct
2023-04-15	Common Stock	F	687	$40.29	Disposed	70830	Direct
2023-04-15	Common Stock	M	1312	$0.00	Acquired	72142	Direct
2023-04-15	Common Stock	F	651	$40.29	Disposed	71491	Direct
2023-04-15	Common Stock	M	55668	$0.00	Acquired	127159	Direct
2023-04-15	Common Stock	F	27601	$40.29	Disposed	99558	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-15	Restricted Stock Units	$	M	2320	Disposed		Common Stock (2320)	Direct
2023-04-15	Restricted Stock Units	$	M	1384	Disposed		Common Stock (1384)	Direct
2023-04-15	Restricted Stock Units	$	M	1312	Disposed		Common Stock (1312)	Direct
2023-04-15	Restricted Stock Units	$	M	55668	Disposed		Common Stock (55668)	Direct
2023-04-15	Restricted Stock Units	$	A	31398	Acquired		Common Stock (31398)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18879	Indirect

Footnotes

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

F2: Shares are held in a revocable trust. Dean and Megan Jarnac are trustees of the trust, of which their children are the beneficiaries.

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.