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MAXLINEAR, INC — Director's Dealing 2025
Feb 24, 2025
31984_dirs_2025-02-24_8d7e16d6-a485-4e74-83ea-c7f484a22dda.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MAXLINEAR, INC (MXL)
CIK: 0001288469
Period of Report: 2025-02-20
Reporting Person: LITCHFIELD STEVEN G (See remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-20 | Common Stock | A | 3170 | — | Acquired | 369038 | Direct |
| 2025-02-20 | Common Stock | M | 28945 | — | Acquired | 441987 | Direct |
| 2025-02-20 | Common Stock | F | 30247 | $17.19 | Disposed | 411740 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-20 | Restricted Stock Units | $ | M | 2899 | Disposed | Common Stock (2899) | Direct | |
| 2025-02-20 | Restricted Stock Units | $ | M | 26046 | Disposed | Common Stock (26046) | Direct |
Footnotes
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.