JAMES LOUGHEED - 20 Feb 2022 Form 4 Insider Report for MAXLINEAR INC (MXL)

Role
Vice President, Marketing, High Performance Analog
Signature
/s/ Connie Kwong, as Attorney-in-Fact
Issuer symbol
MXL
Transactions as of
20 Feb 2022
Transactions value $
-$50,732
Form type
4
Filing time
23 Feb 2022, 15:06:18 UTC
Previous filing
08 Feb 2022
Next filing
24 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MXL Common Stock Options Exercise $0 +834 +0.72% $0.00 117K 20 Feb 2022 Direct F1
transaction MXL Common Stock Tax liability -$50.7K -834 -0.71% $60.83 116K 20 Feb 2022 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 -834 -33.12% $0.00 1.68K 20 Feb 2022 Common Stock 834 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 On February 20, 2022, the Reporting Person's RSUs vested. The RSUs were settled on February 22, 2022, the first business day following the vesting date. The closing price of the Issuer's Common Stock on February 18, 2022 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, one-sixteenth (1/16th) of the 26,939 RSUs subject to the award will vest on August 20, 2018, and an additional one-sixteenth (1/16th) of the RSUs subject to the award will vest on each November 20, February 20, May 20, and August 20 thereafter, such that the award will be fully vested on May 20, 2022.

Remarks:

Vice President, Marketing, High Performance Analog