Connie Kwong - Mar 4, 2024 Form 4 Insider Report for MAXLINEAR, INC (MXL)

Signature
/s/ Connie Kwong
Stock symbol
MXL
Transactions as of
Mar 4, 2024
Transactions value $
-$42,082
Form type
4
Date filed
3/6/2024, 04:33 PM
Previous filing
Feb 22, 2024
Next filing
May 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Tax liability -$21.4K -1.05K -2.35% $20.30 43.7K Mar 4, 2024 Direct F1
transaction MXL Common Stock Options Exercise $0 +1.02K +2.33% $0.00 44.7K Mar 4, 2024 Direct F2
transaction MXL Common Stock Tax liability -$20.7K -1.02K -2.28% $20.30 43.7K Mar 4, 2024 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 -288 -21.46% $0.00 1.05K Mar 4, 2024 Common Stock 288 Direct F2, F3
transaction MXL Restricted Stock Units Options Exercise $0 -731 -15.39% $0.00 4.02K Mar 4, 2024 Common Stock 731 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person deferred delivery of shares of Common Stock awarded for the 2023 performance period under the Company's Executive Incentive Bonus Plan and the performance-based restricted stock awards for the 2021 and 2022 fiscal years reported in the Form 4 filed February 22, 2024. On March 4, 2024, the deferred shares were settled and shares withheld by the Company to satisfy tax withholding obligations (and the net issuance) are based on the closing price of the Company's Common Stock in trading on NASDAQ on March 4, 2024.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock.
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 2,110 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. Reporting Person deferred delivery of shares of Common Stock issuable upon the vesting of RSUs on February 20, 2024. On March 4, 2024, 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 in trading on NASDAQ on March 4, 2024.
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, twenty five percent (25%) of the 5,358 RSUs subject to the award will vest on February 20, 2024, 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, 2027. Reporting Person deferred delivery of shares of Common Stock issuable upon the vesting of RSUs on February 20, 2024. On March 4, 2024, 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 in trading on NASDAQ on March 4, 2024.