Steven G. Litchfield - Feb 20, 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
Stock symbol
MXL
Transactions as of
Feb 20, 2025
Transactions value $
-$519,946
Form type
4
Date filed
2/24/2025, 04:40 PM
Previous filing
Dec 16, 2024
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 +3.17K +0.87% $0.00 369K Feb 20, 2025 Direct F1
transaction MXL Common Stock Options Exercise $0 +28.9K +7.01% $0.00 442K Feb 20, 2025 Direct F2
transaction MXL Common Stock Tax liability -$520K -30.2K -6.84% $17.19 412K Feb 20, 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 -2.9K -11.18% $0.00 23K Feb 20, 2025 Common Stock 2.9K Direct F2, F3
transaction MXL Restricted Stock Units Options Exercise $0 -26K -16.63% $0.00 131K Feb 20, 2025 Common Stock 26K 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