Madhukar Reddy - 20 Feb 2023 Form 4 Insider Report for MAXLINEAR, INC (MXL)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
21 Feb 2023, 17:56:46 UTC
Prior SEC filing
07 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Connie Kwong, as Attorney-in-Fact

Key filing fact

Madhukar Reddy filed Form 4 for MAXLINEAR, INC (MXL) on 21 Feb 2023.

Key facts

  • This page summarizes Madhukar Reddy's Form 4 filing for MAXLINEAR, INC (MXL).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 21 Feb 2023, 17:56.

Change

  • Previous filing in this sequence was filed on 07 Feb 2023.
  • Current net transaction value: -$47,321.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MXL transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,288
Change %
+0.27%
Price
$0.000000
Shares after
486,640
Date
20 Feb 2023
Ownership
Direct
Footnotes
F1
MXL transaction

Common Stock

Tax liability

Transaction value
$47,321
Shares
-1,288
Change %
-0.26%
Price
$36.74
Shares after
485,352
Date
20 Feb 2023
Ownership
Direct
Footnotes
F2
MXL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
32,969
Date
20 Feb 2023
Ownership
See footnote
Footnotes
F3
MXL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
32,969
Date
20 Feb 2023
Ownership
See footnote
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MXL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,288
Change %
-14%
Price
$0.000000
Shares after
7,794
Date
20 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,288
Exercise price
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock.

Footnote F2

On February 20, 2023, the Reporting Person's RSUs vested. The RSUs were settled on February 21, 2023, the first business day following the vesting date. The closing price of the Issuer's Common Stock on February 17, 2023 was the settlement price used to calculate the shares withheld.

Footnote F3

Shares held by Madhukar Reddy Cust Anavi Maram Reddy UTMA, for which the Reporting Person serves as custodian.

Footnote F4

Shares held by Madhukar Reddy Cust Arnav Maram Reddy UTMA, for which the Reporting Person serves as custodian.

Footnote 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, twenty five percent (25%) of the 10,392 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.

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