Connie Kwong - Aug 21, 2023 Form 4 Insider Report for MAXLINEAR, INC (MXL)

Role
Corporate Controller & PAO
Signature
/s/ Connie Kwong
Stock symbol
MXL
Transactions as of
Aug 21, 2023
Transactions value $
-$43,255
Form type
4
Date filed
8/22/2023, 06:32 PM
Previous filing
May 31, 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 +1.9K +4.44% $0.00 44.7K Aug 21, 2023 Direct F1
transaction MXL Common Stock Tax liability -$43.3K -1.9K -4.25% $22.73 42.8K Aug 21, 2023 Direct

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 -860 -26.88% $0.00 2.34K Aug 21, 2023 Common Stock 860 Direct F1, F2
transaction MXL Restricted Stock Units Options Exercise $0 -1.04K -14.05% $0.00 6.38K Aug 21, 2023 Common Stock 1.04K 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 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 5,845 RSUs subject to the award shall vest on August 20, 2021; twenty percent (20%) of the RSUs subject to the award shall vest on August 20, 2022; thirty percent (30%) of the RSUs subject to the award shall vest on August 20, 2023; and forty percent (40%) of the RSUs subject to the award shall vest on August 20, 2024, such that all the RSUs subject to the award will then be fully vested. Reporting Person deferred delivery of shares of Common Stock issuable upon the vesting of RSUs on August 20, 2023. On August 21, 2023, the deferred shares of Common Stock were delivered to the Reporting Person. The closing price of the Issuer's Common Stock on August 21, 2023 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 8,506 RSUs subject to the award will vest on August 20, 2023, and twenty five percent (25%) of the RSUs subject to the award will vest annually on each August 20 thereafter, such that the award will be fully vested on August 20, 2026. Reporting Person deferred delivery of shares of Common Stock issuable upon the vesting of RSUs on August 20, 2023. On August 21, 2023, the deferred shares of Common Stock were delivered to the Reporting Person. The closing price of the Issuer's Common Stock on August 21, 2023 was the settlement price used to calculate the shares withheld.