LITCHFIELD STEVEN G 4

What Happened Steven G. Litchfield, MaxLinear’s Chief Financial Officer and Chief Corporate Strategy Officer, sold a total of 44,929 shares of MXL in three open-market transactions between March 4 and March 6, 2026. The individual trades were: 20,000 shares on 2026-03-04 at $17.50 (proceeds reported $349,918), 4,929 shares on 2026-03-05 at $16.81 (proceeds reported $82,837), and 20,000 shares on 2026-03-06 at $15.68 (proceeds reported $313,672). Aggregate proceeds across the three sales were approximately $746,427. These were sales (transaction code S), which are typically routine insider sales rather than an explicit bullish signal.

Key Details

• Transaction dates and reported prices:
  • 2026-03-04: 20,000 shares @ $17.50 (proceeds $349,918)
  • 2026-03-05: 4,929 shares @ $16.81 (proceeds $82,837)
  • 2026-03-06: 20,000 shares @ $15.68 (proceeds $313,672)
• Total shares sold: 44,929; total proceeds ≈ $746,427.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1/F3/F4 note reported prices are weighted averages across specified price ranges (breakdowns available on request). F2 notes inclusion of 326 shares acquired under the company ESPP on Nov 15, 2025.
• Filing: Report filed 2026-03-06 for transactions occurring Mar 4–6, 2026; no late filing flag indicated.

Context

• These were open-market sales by a named executive; such sales can reflect personal liquidity needs, portfolio rebalancing, or other non-public reasons and do not alone indicate company performance.
• Transaction code S = sale. There is no indication here of option exercises, gifts, or 10% owner activity.