Connie Kwong - Feb 21, 2022 Form 4 Insider Report for MAXLINEAR INC (MXL)

Role
Corporate Controller & PAO
Signature
/s/ Connie Kwong
Stock symbol
MXL
Transactions as of
Feb 21, 2022
Transactions value $
-$29,077
Form type
4
Date filed
2/23/2022, 03:08 PM
Previous filing
Feb 8, 2022
Next filing
May 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Options Exercise $0 +478 +1.94% $0.00 25.1K Feb 21, 2022 Direct F1
transaction MXL Common Stock Tax liability -$29.1K -478 -1.91% $60.83 24.6K Feb 21, 2022 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 -478 -32.1% $0.00 1.01K Feb 21, 2022 Common Stock 478 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 February 20, 2022, the Reporting Person's RSUs vested. The Reporting Person deferred delivery of the shares of Common Stock until February 21, 2022. The RSUs were settled on February 22, 2022, the first business day following February 21, 2022. The closing price of the Issuer's Common Stock on February 18, 2022 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-sixteenth (1/16th) of the 16,163 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. Reporting Person deferred delivery of shares of Common Stock issuable upon the vesting of RSUs on February 20, 2022. On February 21, 2022, the deferred shares of Common Stock were delivered to the Reporting Person. Shares withheld by the Company to satisfy tax withholding obligations (and the net issuance) is based on the closing price of the Company's Common Stock on February 18, 2022.