Steven G. Litchfield - 20 Feb 2025 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
Issuer symbol
MXL
Transactions as of
20 Feb 2025
Net transactions value
-$519,946
Form type
4
Filing time
24 Feb 2025, 16:40:25 UTC
Previous filing
16 Dec 2024
Next filing
22 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Award $0 +3,170 +0.87% $0.000000 369,038 20 Feb 2025 Direct F1
transaction MXL Common Stock Options Exercise $0 +28,945 +7% $0.000000 441,987 20 Feb 2025 Direct F2
transaction MXL Common Stock Tax liability $519,946 -30,247 -6.8% $17.19 411,740 20 Feb 2025 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 -2,899 -11% $0.000000 23,022 20 Feb 2025 Common Stock 2,899 Direct F2, F3
transaction MXL Restricted Stock Units Options Exercise $0 -26,046 -17% $0.000000 130,548 20 Feb 2025 Common Stock 26,046 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock issued to the Reporting Person for the 2024 performance period under the Company's Executive Incentive Bonus Plan (the "Bonus Plan"). All shares were issued pursuant to the Company's Amended and Restated 2010 Equity Incentive Plan. Grant amounts were determined based on the award amount earned under the Bonus Plan and the closing price of the Company's Common Stock in trading on The Nasdaq Global Select Market on February 20, 2025.
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's continuous status as a Service Provider (as defined in the 2010 Equity Incentive Plan) on each applicable vesting date, twenty five percent (25%) of the 30,697 RSUs subject to the award vest on February 20, 2025, and twenty five percent (25%) of the RSUs subject to the award vest annually on each February 20 thereafter, such that the award will be fully vested on February 20, 2028.
F4 Subject to the Reporting Person continuing to be a Service Provider (as defined in the Company's Amended and Restated 2010 Equity Incentive Plan) through each applicable vesting date, one-third (1/3rd) of the RSUs subject to the award will vest on February 20, 2025, and one-third (1/3rd) of the 195,822 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.

Remarks:

Chief Financial Officer and Chief Corporate Strategy Officer