William Kelly Jones - Nov 9, 2020 Form 4 Insider Report for MAXLINEAR INC (MXL)

Role
VP of Worldwide Operations
Signature
/s/ Connie Kwong, as Attorney-in-Fact
Stock symbol
MXL
Transactions as of
Nov 9, 2020
Transactions value $
-$558,867
Form type
4
Date filed
11/23/2021, 04:06 PM
Next filing
Jun 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Options Exercise $0 +7.91K +61.37% $0.00 20.8K Nov 20, 2021 Direct F1
transaction MXL Common Stock Tax liability -$559K -7.91K -38.03% $70.68 12.9K Nov 20, 2021 Direct F2

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 Award $0 +60K $0.00 60K Nov 9, 2020 Common Stock 60K Direct F1, F3
transaction MXL Restricted Stock Units Options Exercise $0 -7.91K -16.5% $0.00 40K Nov 20, 2021 Common Stock 7.91K Direct F1, F3
* 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 On November 20, 2021, the Reporting Person's RSUs vested. The RSUs were settled on November 22, 2021, the first business day following the vesting date. The closing price of the issuer's common stock on November 19, 2021 was the settlement price used to calculate the shares withheld.
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-third (1/3rd) of the 60,000 RSUs subject to the award will vest on November 20, 2021, one-third (1/3rd) of the RSUs subject to the award will vest on November 20, 2022, and one-third (1/3rd) of the RSUs subject to the award will vest on November 20, 2023.