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

Role
Chief Technical Officer
Signature
/s/ Connie Kwong, as Attorney-in-Fact
Issuer symbol
MXL
Transactions as of
20 Nov 2021
Net transactions value
-$88,421
Form type
4
Filing time
23 Nov 2021, 16:06:43 UTC
Previous filing
30 Aug 2021
Next filing
17 Dec 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 +1,251 +0.13% $0.000000 949,373 20 Nov 2021 Direct F1, F2
transaction MXL Common Stock Tax liability $88,421 -1,251 -0.13% $70.68 948,122 20 Nov 2021 Direct F3

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 -1,251 -20% $0.000000 5,052 20 Nov 2021 Common Stock 1,251 Direct F1, F4
* 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 244 shares of Common Stock acquired under the Company's 2010 Employee Stock Purchase Plan on November 15, 2021.
F3 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.
F4 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 shall vest on August 20, 2018, and an additional one-sixteenth (1/16th) of the RSUs subject to the award shall 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.