Form 4 for MXL MAXLINEAR, INC
Accepted 2024-02-22 00:00:00 ET · period of report 2024-02-20 · accession 0001288469-24-000038 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-22 | 2024-02-20 | MXL | Sayer Michelle Marie | See remarks | F - Tax | $19.15 | -1,474 | 10.4K | -12% | -$28.2K |
| D | 2024-02-22 | 2024-02-20 | MXL | Sayer Michelle Marie | See remarks | M - OptEx | $0.00 | +470 | 11.6K | +4% | $0 |
| D | 2024-02-22 | 2024-02-20 | MXL | Sayer Michelle Marie | See remarks | A - Grant | $0.00 | +2,450 | 11.4K | +27% | $0 |
| D | 2024-02-22 | 2024-02-20 | MXL | Sayer Michelle Marie | See remarks | M - OptEx | $0.00 | -470 | 3,444 | -12% | $0 |
| DM | 2024-02-22 | 2024-02-22 | MXL | Sayer Michelle Marie | See remarks | A - Grant | $0.00 | +93.3K | 64.6K | New | $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 | 2024-02-20 | F | D | 470 | $19.15 | 11,115 | D | — | — | |
| 2 | Common | Common Stock | 2024-02-20 | M | A | 470 | $0.00 | 11,585 | D | — | — | (F2) Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock. |
| 3 | Common | Common Stock | 2024-02-20 | A | A | 2,450 | $0.00 | 11,441 | D | — | — | (F1) Represents shares of Common Stock issued to the Reporting Person for the 2023 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, 2024. |
| 4 | Common | Common Stock | 2024-02-20 | F | D | 1,004 | $19.15 | 10,437 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 470 | $0.00 | 3,444 | D | — · — to — | 470 Common Stock | (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 continuing to be a Service Provider (as defined in the Company's Amended and Restated 2010 Equity Incentive Plan) through each applicable vesting date, twenty five percent (25%) of the 4,592 RSUs subject to the award will vest on February 20, 2024, 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, 2027. |
| 6 | Derivative | Restricted Stock Units | 2024-02-22 | A | A | 28,720 | $0.00 | 28,720 | D | — · — to — | 28,720 Common Stock | (F2) Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock. (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 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. |
| 7 | Derivative | Stock Option (right to buy) | 2024-02-22 | A | A | 64,620 | $0.00 | 64,620 | D | $18.76 · — to 2034-02-22 | 64,620 Common Stock | (F5) Subject to the Reporting Person's continuous status as a Service Provider (as defined in the Company's Amended and Restated 2010 Equity Incentive Plan) on each applicable vesting date, ten percent (10%) of the shares subject to the option will vest on February 20, 2025; twenty percent (20%) of the shares subject to the option will vest on February 20, 2026; thirty percent (30%) of the shares subject to the option will vest on February 20, 2027; and forty percent (40%) of the shares subject to the option will vest on February 20, 2028, such that all the shares subject to the option will then be fully vested. |