Jarnac Dean E Jr. Form 4 Marvell Technology / Dean E Jr. Jarnac ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Jarnac Dean E Jr.

(Last) (First) (Middle)

5488 MARVELL LANE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Marvell Technology, Inc. [ MRVL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/15/2023		M		2,320	A	$0.00	71,284	D
Common Stock	04/15/2023		F(1)		1,151	D	$40.29	70,133	D
Common Stock	04/15/2023		M		1,384	A	$0.00	71,517	D
Common Stock	04/15/2023		F(1)		687	D	$40.29	70,830	D
Common Stock	04/15/2023		M		1,312	A	$0.00	72,142	D
Common Stock	04/15/2023		F(1)		651	D	$40.29	71,491	D
Common Stock	04/15/2023		M		55,668	A	$0.00	127,159	D
Common Stock	04/15/2023		F(1)		27,601	D	$40.29	99,558	D
Common Stock								18,879	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	04/15/2023		M			2,320	(4)	(4)	Common Stock	2,320	$0.00	0	D
Restricted Stock Units	(3)	04/15/2023		M			1,384	(5)	(5)	Common Stock	1,384	$0.00	5,536	D
Restricted Stock Units	(3)	04/15/2023		M			1,312	(6)	(6)	Common Stock	1,312	$0.00	10,498	D
Restricted Stock Units	(3)	04/15/2023		M			55,668	(7)	(7)	Common Stock	55,668	$0.00	0	D
Restricted Stock Units	(3)	04/15/2023		A		31,398		(8)	(8)	Common Stock	31,398	$0.00	31,398	D

Explanation of Responses:

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

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

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

4. This award fully vested on April 15, 2023.

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

6. 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.

7. 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.

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

Remarks:

Executive Vice President, Worldwide Sales

	/s/ Dean E. Jarnac, Jr. by Blair Walters as attorney-in-fact	04/18/2023
	** Signature of Reporting Person	Date
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