William Kelly Jones - 09 Nov 2020 Form 4 Insider Report for MAXLINEAR INC (MXL)

Role: VP of Worldwide Operations
Signature: /s/ Connie Kwong, as Attorney-in-Fact
Issuer symbol: MXL
Transactions as of: 09 Nov 2020
Net transactions value: -$558,867
Form type: 4
Filing time: 23 Nov 2021, 16:06:10 UTC
Next filing: 02 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MXL	Common Stock	Options Exercise	$0	+7,907	+61%	$0.000000	20,792	20 Nov 2021	Direct	F1
transaction	MXL	Common Stock	Tax liability	$558,867	-7,907	-38%	$70.68	12,885	20 Nov 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	+60,000		$0.000000	60,000	09 Nov 2020	Common Stock	60,000		Direct	F1, F3
transaction	MXL	Restricted Stock Units	Options Exercise	$0	-7,907	-17%	$0.000000	40,000	20 Nov 2021	Common Stock	7,907		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.