Nariman Yousefi - Jan 15, 2023 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role: EVP, Automotive, Coherent DSP
Signature: Nariman Yousefi by Blair Walters as Attorney-in-Fact
Stock symbol: MRVL
Transactions as of: Jan 15, 2023
Transactions value $: -$39,003
Form type: 4
Date filed: 1/18/2023, 10:00 AM
Previous filing: Dec 5, 2022
Next filing: Feb 17, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRVL	Common Stock	Options Exercise	$0	+1.64K	+0.59%	$0.00	279K	Jan 15, 2023	Direct
transaction	MRVL	Common Stock	Tax liability	-$39K	-959	-0.34%	$40.67	278K	Jan 15, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MRVL	Restricted Stock Units	Options Exercise	$0	+1.64K	+12.5%	$0.00	14.8K	Jan 15, 2023	Common Stock	1.64K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Surrender of shares in payment of tax withholding due as a result of the vesting of Restricted Stock Units ("RSUs").
F2	Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3	The remaining RSUs will vest on 04/15/2023, 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.