=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-20
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
--- Reporting Owner ---
Name: MURPHY MATTHEW J
CIK: 0001381430
Role: Director, Officer (Chairman of the Board and CEO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-05-20 | Code: M (Exercise of derivative)
Shares: +117,742 | Price: $0.00
Shares Owned After: 857,139 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-05-20 | Code: F (Payment of exercise/tax)
Shares: -61,992 | Price: $186.80
Total Value: $11,580,105.60
Shares Owned After: 795,147 | Ownership: D (Direct)
Footnotes:
[F1] Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units.
--- Derivative Transactions ---
[Transaction #1]
Security: Performance Stock Units
Date: 2026-05-20 | Code: M (Exercise of derivative)
Shares: -117,742 | Price: $0.00
Shares Owned After: 423,871 | Ownership: D (Direct)
Footnotes:
[F2] Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
[F3] This performance-based award included stock price and total stockholder return based performance vesting criteria. The performance condition for a tranche was certified on May 20, 2026. As a result of satisfaction of a stock price-based performance metric and the application of the second performance based criteria, a TSR modifier to the award, 117,742 shares vested and 117,741 shares will be eligible to vest on the 5-year anniversary of the original grant date (subject to continued service to the company on the vesting dates). The performance-based criteria have now been satisfied for all 4 performance-based tranches.
[F3] This performance-based award included stock price and total stockholder return based performance vesting criteria. The performance condition for a tranche was certified on May 20, 2026. As a result of satisfaction of a stock price-based performance metric and the application of the second performance based criteria, a TSR modifier to the award, 117,742 shares vested and 117,741 shares will be eligible to vest on the 5-year anniversary of the original grant date (subject to continued service to the company on the vesting dates). The performance-based criteria have now been satisfied for all 4 performance-based tranches.
--- Footnotes (Complete Index) ---
F1: Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units.
F2: Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
F3: This performance-based award included stock price and total stockholder return based performance vesting criteria. The performance condition for a tranche was certified on May 20, 2026. As a result of satisfaction of a stock price-based performance metric and the application of the second performance based criteria, a TSR modifier to the award, 117,742 shares vested and 117,741 shares will be eligible to vest on the 5-year anniversary of the original grant date (subject to continued service to the company on the vesting dates). The performance-based criteria have now been satisfied for all 4 performance-based tranches.
--- Signature ---
/s/ /s/ Matthew J. Murphy, by Blair Walters as Attorney-in-Fact (2026-05-21)
