Steven G. Litchfield - May 20, 2023 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
May 20, 2023
Transactions value $
-$23,276
Form type
4
Date filed
5/23/2023, 04:36 PM
Previous filing
Feb 7, 2023
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Options Exercise $0 +815 +0.23% $0.00 363K May 20, 2023 Direct F1, F2
transaction MXL Common Stock Tax liability -$23.3K -815 -0.22% $28.56 362K May 20, 2023 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 -815 -14.74% $0.00 4.71K May 20, 2023 Common Stock 815 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 677 shares of Common Stock acquired under the Company's 2010 Employee Stock Purchase Plan on May 15, 2023.
F3 On May 20, 2023, the Reporting Person's RSUs vested. The RSUs were settled on May 22, 2023, the first business day following the vesting date. The closing price of the Issuer's Common Stock on May 19, 2023 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-fourth (1/4th) of the 9,427 RSUs will vest on May 20, 2022, and one-fourth (1/4th) of the RSUs subject to the award will vest on each May 20 thereafter, such that the award will be fully vested on May 20, 2025.

Remarks:

Chief Financial Officer and Chief Corporate Strategy Officer