Curtis Ling - May 20, 2021 Form 4 Insider Report for MAXLINEAR INC (MXL)

Role: Chief Technical Officer
Signature: /s/ Connie Kwong, as Attorney-in-Fact
Stock symbol: MXL
Transactions as of: May 20, 2021
Transactions value $: -$396,483
Form type: 4
Date filed: 5/24/2021, 07:17 PM
Next filing: Aug 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MXL	Common Stock	Options Exercise	$0	+5.14K	+0.51%	$0.00	1.01M	May 20, 2021	Direct	F1, F2
transaction	MXL	Common Stock	Tax liability	-$184K	-5.14K	-0.51%	$35.80	1M	May 20, 2021	Direct
transaction	MXL	Common Stock	Sale	-$343K	-9.5K	-0.95%	$36.10	991K	May 21, 2021	Direct
transaction	MXL	Common Stock	Options Exercise	$131K	+14.2K	+1.43%	$9.23	1.01M	May 21, 2021	Direct

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	MXL	Restricted Stock Units	Options Exercise	$0	-1.25K	-11.02%	$0.00	10.1K	May 20, 2021	Common Stock	1.25K		Direct	F1, F3
transaction	MXL	Restricted Stock Units	Options Exercise	$0	-2.51K	-12.41%	$0.00	17.7K	May 20, 2021	Common Stock	2.51K		Direct	F1, F4
transaction	MXL	Restricted Stock Units	Options Exercise	$0	-1.38K	-5.22%	$0.00	25.1K	May 20, 2021	Common Stock	1.38K		Direct	F1, F5
transaction	MXL	Stock Option (right to buy)	Options Exercise	$0	-14.2K	-100%	$0.00^*	0	May 21, 2021	Common Stock	14.2K	$9.23	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock.
F2	Includes 613 shares of Common Stock acquired under the Company's 2010 Employee Stock Purchase Plan on May 17, 2021.
F3	Subject to the Reporting Person continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the 40,409 RSUs subject to the award will vest on August 20, 2018, and an additional one-sixteenth (1/16th) of the RSUs subject to the award will vest on each November 20, February 20, May 20, and August 20 thereafter, such that the award will be fully vested on May 20, 2022.
F4	Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, ten percent (10%) of the 25,326 RSUs subject to the award will vest on May 20, 2020; twenty percent (20%) of the RSUs subject to the award will vest on May 20, 2021; thirty percent (30%) of the RSUs subject to the award will vest on May 20, 2022; forty percent (40%) of the RSUs subject to the award will vest on May 20, 2023, such that the award will be fully vested on May 20, 2023.
F5	Subject to the Reporting Person continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, ten percent (10%) of the 27,849 RSUs subject to the award will vest on May 20, 2021; twenty percent (20%) of the RSUs subject to the award will vest on May 20, 2022; thirty percent (30%) of the RSUs subject to the award will vest on May 20, 2023; and forty percent (40%) of the RSUs subject to the award will vest on May 20, 2024, such that all the RSUs subject to the award will then be fully vested.
F6	Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the 33,402 shares subject to the option vested and became exercisable on August 20, 2014, and an additional one-sixteenth (1/16th) of the shares subject to the option will vest and become exercisable on each successive November 20, February 20, May 20, and August 20 thereafter, such that the award will be fully vested and exercisable on May 20, 2018.