Connie Kwong - Sep 2, 2024 Form 4 Insider Report for MAXLINEAR, INC (MXL)

Role
Corporate Controller & PAO
Signature
/s/ Connie Kwong
Stock symbol
MXL
Transactions as of
Sep 2, 2024
Transactions value $
-$32,834
Form type
4
Date filed
9/4/2024, 07:52 PM
Previous filing
May 29, 2024
Next filing
Dec 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Options Exercise $0 +2.16K +4.09% $0.00 55K Sep 2, 2024 Direct F1
transaction MXL Common Stock Tax liability -$32.8K -2.16K -3.93% $15.18 52.9K Sep 2, 2024 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 -1.13K -100% $0.00 0 Sep 2, 2024 Common Stock 1.13K Direct F1, F3
transaction MXL Restricted Stock Units Options Exercise $0 -1.03K -19.5% $0.00 4.25K Sep 2, 2024 Common Stock 1.03K 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 The Reporting Person deferred delivery of shares of Common Stock issuable upon the vesting of RSUs on August 20, 2024. On September 2, 2024, the deferred shares of Common Stock were delivered to the Reporting Person. The closing price of the Issuer's Common Stock on August 30, 2024 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, ten percent (10%) of the 5,845 RSUs subject to the award vested on August 20, 2021; twenty percent (20%) of the RSUs subject to the award vested on August 20, 2022; thirty percent (30%) of the RSUs subject to the award vested on August 20, 2023; and forty percent (40%) of the RSUs subject to the award vested on August 20, 2024, such that all the RSUs subject to the award are fully vested.
F4 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 vested on August 20, 2023, and twenty five percent (25%) of the RSUs subject to the award vests annually on each August 20 thereafter, such that the award will be fully vested on August 20, 2026.