Bollesen Michael 4
4 · MAXLINEAR INC · Filed Aug 22, 2022
Insider Transaction Report
Form 4
Bollesen Michael
Vice President of Sales
Transactions
- Tax Payment
Common Stock
2022-08-20$39.46/sh−2,984$117,749→ 87,231 total - Exercise/Conversion
Restricted Stock Units
2022-08-20−1,159→ 8,184 total→ Common Stock (1,159 underlying) - Exercise/Conversion
Common Stock
2022-08-20+2,984→ 90,215 total - Exercise/Conversion
Restricted Stock Units
2022-08-20−1,825→ 0 total→ Common Stock (1,825 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock.
- [F2]On August 20, 2022, the Reporting Person's RSUs vested. The RSUs were settled on August 22, 2022, the first business day following the vesting date. The closing price of the Issuer's Common Stock on August 19, 2022 was the settlement price used to calculate the shares withheld.
- [F3]Subject to the Reporting Person's continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) through each applicable vesting date, twenty-five percent (25%) of the 58,900 RSUs will vest on August 20, 2019, and one-sixteenth (1/16th) of the RSUs will vest on each November 20, February 20, May 20, and August 20 thereafter, such that the award will be fully vested on August 20, 2022.
- [F4]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 11,691 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.