Form 4 for MXL MAXLINEAR, INC
Accepted 2023-08-22 00:00:00 ET · period of report 2023-08-20 · accession 0001288469-23-000159 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-22 | 2023-08-20 | MXL | Torgerson William | VP, GM, Broadband Group | M - OptEx | $0.00 | +1,138 | 160.0K | +0.7% | $0 |
| DM | 2023-08-22 | 2023-08-20 | MXL | Torgerson William | VP, GM, Broadband Group | F - Tax | $22.61 | -1,806 | 160.0K | -1% | -$40.8K |
| DM | 2023-08-22 | 2023-08-20 | MXL | Torgerson William | VP, GM, Broadband Group | A - Grant | $0.00 | +2,745 | 160.4K | +2% | $0 |
| D | 2023-08-22 | 2023-08-20 | MXL | Torgerson William | VP, GM, Broadband Group | M - OptEx | $0.00 | -1,138 | 6,236 | -15% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-20 | M | A | 1,138 | $0.00 | 159,978 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock. |
| 2 | Common | Common Stock | 2023-08-20 | F | D | 1,138 | $22.61 | 158,840 | D | — | — | (F2) On August 20, 2023, the Reporting Person's RSUs vested. The RSUs were settled on August 21, 2023, the first business day following the vesting date. The closing price of the Issuer's Common Stock on August 18, 2023 was the settlement price used to calculate the shares withheld. |
| 3 | Common | Common Stock | 2023-08-20 | F | D | 289 | $22.61 | 160,917 | D | — | — | (F4) The PSUs were settled on August 21, 2023, the first business day following the date the shares of Common Stock were issued. The closing price of the Issuer's Common Stock on August 18, 2023 was the settlement price used to calculate the shares withheld. |
| 4 | Common | Common Stock | 2023-08-20 | F | D | 379 | $22.61 | 160,019 | D | — | — | (F4) The PSUs were settled on August 21, 2023, the first business day following the date the shares of Common Stock were issued. The closing price of the Issuer's Common Stock on August 18, 2023 was the settlement price used to calculate the shares withheld. |
| 5 | Common | Common Stock | 2023-08-20 | A | A | 1,187 | $0.00 | 161,206 | D | — | — | (F3) Represents shares of Common Stock issued to the Reporting Person in connection with the achievement of financial performance conditions for the performance period ended July 2023 that were approved as part of the 2022 performance-based restricted stock ("PSU") award granted on July 29, 2022. All shares were issued pursuant to the Company's 2010 Equity Incentive Plan. |
| 6 | Common | Common Stock | 2023-08-20 | A | A | 1,558 | $0.00 | 160,398 | D | — | — | (F3) Represents shares of Common Stock issued to the Reporting Person in connection with the achievement of financial performance conditions for the performance period ended July 2023 that were approved as part of the 2022 performance-based restricted stock ("PSU") award granted on July 29, 2022. All shares were issued pursuant to the Company's 2010 Equity Incentive Plan. |
| 7 | Derivative | Restricted Stock Units | 2023-08-20 | M | D | 1,138 | $0.00 | 6,236 | D | — · — to — | 1,138 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock. (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, ten percent (10%) of the 15,588 RSUs subject to the award will vest on August 20, 2021; twenty percent (20%) of the RSUs subject to the award will vest on August 20, 2022; thirty percent (30%) of the RSUs subject to the award will vest on August 20, 2023; and forty percent (40%) of the RSUs subject to the award will vest on August 20, 2024, such that all the RSUs subject to the award will then be fully vested. |