Tewksbury Ted L III 4

What Happened

• Ted L. Tewksbury III, a director of MaxLinear, had 15,741 restricted stock units (RSUs) vest on May 1, 2026 and acquired 15,741 shares at no cash cost (conversion of RSUs).
• He sold a total of 10,660 shares in three open-market transactions (2,790 @ $78.67 on 5/1; 3,935 @ $77.36 on 5/4; 3,935 @ $80.00 on 5/5), generating aggregate proceeds of $838,687.
• The sales were executed under a pre-established Rule 10b5-1 trading plan. These transactions are routine sales of newly vested shares rather than new purchases.

Key Details

• Dates and prices:
  • 2026-05-01: Acquired 15,741 shares via RSU conversion (reported as M, $0.00).
  • 2026-05-01: Sold 2,790 shares @ $78.67 — $219,475 proceeds.
  • 2026-05-04: Sold 3,935 shares @ $77.36 — $304,412 proceeds.
  • 2026-05-05: Sold 3,935 shares @ $80.00 — $314,800 proceeds.
  • Total sold: 10,660 shares for $838,687.
• Shares owned after transaction: The filing does not state total holdings, but based on this report he retained 5,081 shares from the vested award (15,741 acquired − 10,660 sold).
• Footnotes:
  • F1: Sales were effected pursuant to a Rule 10b5-1 plan adopted June 2, 2025.
  • F2/F3: Each RSU equals one share; 100% of the RSUs vested on May 1, 2026.
• Timeliness: Form 4 was filed on May 5, 2026 — within the required two business days of the May 1–5 transactions.

Context

• These transactions reflect RSU vesting and subsequent planned sales, a common way insiders realize compensation value; they are not new open-market purchases (which are often viewed as stronger bullish signals).
• For simplicity: "exercised/converted" here means RSUs converted into common shares (no cash cost), and some of those shares were sold under the prearranged 10b5-1 plan.