James Lougheed - Nov 20, 2021 Form 4 Insider Report for MAXLINEAR INC (MXL)

Role
Vice President, Marketing, High Performance Analog
Signature
/s/ Connie Kwong, as Attorney-in-Fact
Stock symbol
MXL
Transactions as of
Nov 20, 2021
Transactions value $
-$242,008
Form type
4
Date filed
11/23/2021, 04:07 PM
Previous filing
Aug 24, 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 +3.42K +3.68% $0.00 96.4K Nov 20, 2021 Direct F1
transaction MXL Common Stock Tax liability -$242K -3.42K -3.55% $70.68 93K 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 -2.59K -100% $0.00* 0 Nov 20, 2021 Common Stock 2.59K Direct F1, F3
transaction MXL Restricted Stock Units Options Exercise $0 -834 -19.85% $0.00 3.37K Nov 20, 2021 Common Stock 834 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 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 83,592 RSUs subject to the award will vest on November 20, 2018, and an additional one-sixteenth (1/16th) of the RSUs subject to the award will vest on each successive February 20, May 20, August 20 and November 20 thereafter, such that the award will be fully vested on November 20, 2021.
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 26,939 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.

Remarks:

Vice President, Marketing, High Performance Analog