William Torgerson - Aug 20, 2023 Form 4 Insider Report for MAXLINEAR, INC (MXL)

Role
VP/GM, Broadband Group
Signature
/s/ Connie Kwong, as Attorney-in-Fact
Stock symbol
MXL
Transactions as of
Aug 20, 2023
Transactions value $
-$40,834
Form type
4
Date filed
8/22/2023, 06:31 PM
Previous filing
May 23, 2023
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Options Exercise $0 +1.14K +0.72% $0.00 160K Aug 20, 2023 Direct F1
transaction MXL Common Stock Tax liability -$25.7K -1.14K -0.71% $22.61 159K Aug 20, 2023 Direct F2
transaction MXL Common Stock Award $0 +1.56K +0.98% $0.00 160K Aug 20, 2023 Direct F3
transaction MXL Common Stock Tax liability -$8.57K -379 -0.24% $22.61 160K Aug 20, 2023 Direct F4
transaction MXL Common Stock Award $0 +1.19K +0.74% $0.00 161K Aug 20, 2023 Direct F3
transaction MXL Common Stock Tax liability -$6.53K -289 -0.18% $22.61 161K Aug 20, 2023 Direct F4

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 -1.14K -15.43% $0.00 6.24K Aug 20, 2023 Common Stock 1.14K Direct F1, F5
* 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 August 20, 2023, the Reporting Person's RSUs vested. The RSUs were settled on August 21, 2023, the first business day following the vesting date. The closing price of the Issuer's Common Stock on August 18, 2023 was the settlement price used to calculate the shares withheld.
F3 Represents shares of Common Stock issued to the Reporting Person in connection with the achievement of financial performance conditions for the performance period ended July 2023 that were approved as part of the 2022 performance-based restricted stock ("PSU") award granted on July 29, 2022. All shares were issued pursuant to the Company's 2010 Equity Incentive Plan.
F4 The PSUs were settled on August 21, 2023, the first business day following the date the shares of Common Stock were issued. The closing price of the Issuer's Common Stock on August 18, 2023 was the settlement price used to calculate the shares withheld.
F5 Subject to the Reporting Person continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, ten percent (10%) of the 15,588 RSUs subject to the award will vest on August 20, 2021; twenty percent (20%) of the RSUs subject to the award will vest on August 20, 2022; thirty percent (30%) of the RSUs subject to the award will vest on August 20, 2023; and forty percent (40%) of the RSUs subject to the award will vest on August 20, 2024, such that all the RSUs subject to the award will then be fully vested.