Michael Bollesen - Feb 20, 2023 Form 4 Insider Report for MAXLINEAR, INC (MXL)

Role: Vice President of Sales
Signature: /s/ Connie Kwong, as Attorney-in-Fact
Stock symbol: MXL
Transactions as of: Feb 20, 2023
Transactions value $: -$36,960
Form type: 4
Date filed: 2/21/2023, 05:54 PM
Previous filing: Feb 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MXL	Common Stock	Options Exercise	$0	+1.01K	+0.88%	$0.00	115K	Feb 20, 2023	Direct	F1
transaction	MXL	Common Stock	Tax liability	-$37K	-1.01K	-0.87%	$36.74	114K	Feb 20, 2023	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	-1.01K	-14.18%	$0.00	6.09K	Feb 20, 2023	Common Stock	1.01K		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, 2023, the Reporting Person's RSUs vested. The RSUs were settled on February 21, 2023, the first business day following the vesting date. The closing price of the Issuer's Common Stock on February 17, 2023 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, twenty five percent (25%) of the 8,118 RSUs subject to the award will vest on February 20, 2023, and twenty five percent (25%) of the RSUs subject to the award will vest annually on each February 20 thereafter, such that the award will be fully vested on February 20, 2026.