Sennesael Kris 4
4 · MAXLINEAR, INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
MaxLinear (MXL) Director Kris Sennesael Receives RSU Award
What Happened
Kris Sennesael, a director of MaxLinear, Inc. (MXL), was granted a total of 11,780 restricted stock units (RSUs) on February 13, 2026 (two awards: 2,052 and 9,728 RSUs). Each RSU is a contingent right to receive one share of MaxLinear common stock (grant price reported as $0.00). These are awards (code A) — not purchases or sales — and will convert to shares only as they vest per the grant terms.
Key Details
- Transaction date: February 13, 2026; Filing date: February 18, 2026 (filed one business day late).
- Awards: 2,052 RSUs and 9,728 RSUs; total = 11,780 RSUs; reported acquisition price $0.00 (derivative award).
- Vesting: per footnotes — one award (2,052 RSUs) vests 100% on the earlier of May 1, 2026 or the day before the next annual stockholders’ meeting; the other (9,728 RSUs) vests one‑third on each anniversary of Feb 13, 2026 and fully vests Feb 13, 2029.
- Shares owned after transaction: not disclosed in this Form 4.
- Footnote summary: F1 — each RSU converts to one share upon vesting; F2/F3 — describe the two different vesting schedules above.
- Filing timeliness: Form 4 was submitted on Feb 18 for a Feb 13 transaction; this appears to be one business day late (insiders generally must file within two business days).
Context
RSU grants are a common form of director compensation and are derivative awards that only become actual shares when the vesting conditions are met. Because these were awards (not open‑market purchases or sales), they do not indicate an immediate buy/sell decision by the director. The economic value realized will depend on MaxLinear’s share price at vesting.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-13+2,052→ 2,052 total→ Common Stock (2,052 underlying) - Award
Restricted Stock Units
[F1][F3]2026-02-13+9,728→ 9,728 total→ Common Stock (9,728 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock.
- [F2]Subject to the Reporting Person's continuing as a Director (as defined in the 2010 Equity Incentive Plan) through such date, one hundred percent (100%) of the RSUs subject to the award will vest on the earlier to occur of May 1, 2026 or the date immediately preceding the next annual meeting of stockholders.
- [F3]Subject to the Reporting Person's continuing as a Director (as defined in the 2010 Equity Incentive Plan) through each such date, one-third (1/3rd) of the RSUs subject to the award shall vest on each anniversary of February 13, 2026, such that the award will be fully vested on February 13, 2029.