Steven G. Litchfield - Nov 20, 2021 Form 4 Insider Report for MAXLINEAR INC (MXL)

Role
Chief Financial Officer and Chief Corporate Strategy Officer
Signature
/s/ Connie Kwong, as Attorney-in-Fact
Stock symbol
MXL
Transactions as of
Nov 20, 2021
Transactions value $
-$113,865
Form type
4
Date filed
11/23/2021, 04:07 PM
Previous filing
Oct 5, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Options Exercise $0 +1.61K +1.27% $0.00 128K Nov 20, 2021 Direct F1
transaction MXL Common Stock Tax liability -$114K -1.61K -1.26% $70.68 126K 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 Options Exercise $0 -1.61K -14.18% $0.00 9.75K Nov 20, 2021 Common Stock 1.61K 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's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, twenty-five percent (25%) of the 52,000 RSUs will vest on August 20, 2019, and one-sixteenth (1/16th) of the RSUs will vest on each November 20, February 20, May 20, and August 20 thereafter, such that the award will be fully vested on August 20, 2022.

Remarks:

Chief Financial Officer and Chief Corporate Strategy Officer