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MAXLINEAR, INC·4

Feb 23, 6:53 PM ET

SEENDRIPU KISHORE 4

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MaxLinear (MXL) 10% Owner Kishore Seendripu Receives Award

What Happened
Kishore Seendripu (reported as a 10% owner) received equity awards from MaxLinear totaling 244,003 shares/RSUs across three grant entries. The filing shows: 56,216 shares (02/20), 49,651 shares (02/20), and 138,136 derivative RSUs (02/18). All transactions are reported with an acquisition price of $0.00, reflecting compensation awards (not open-market purchases).

Key Details

  • Transaction dates and types:
    • 2026-02-20: Award of 56,216 shares (A) — $0.00 per share (footnote F1: issued under the 2025 Executive Incentive Bonus Plan and the 2010 Equity Incentive Plan; amount tied to Feb 20 closing price).
    • 2026-02-20: Award of 49,651 shares (A) — $0.00 per share (also tied to bonus/plan per F1).
    • 2026-02-18: Award of 138,136 derivative units (A, derivative) — $0.00 per unit (performance-based restricted stock/RSU; see F2, F16).
  • Total new equity reported: 244,003 shares/RSUs.
  • Reported consideration: $0.00 (these are compensation grants, not cash purchases).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Notable footnotes:
    • F1/F2/F16: Awards issued under the Company’s equity plans; RSUs are contingent rights to receive shares and some awards have deferred settlement or vesting conditions.
    • F17: Some RSUs are subject to multi-year vesting (one‑third on May 20, 2027, then annually through May 20, 2029).
    • Several footnotes (F9–F15 and others) note shares held in various family/trust vehicles and disclaimers of beneficial ownership for some trusts.
  • Filing date: 2026-02-23 (transactions occurred 02/18 and 02/20). The filing date is a few days after the grants; the excerpt does not flag a late filing.

Context

  • These entries are awards (A) and derivative RSUs (contingent rights), not open‑market buys or sales. Awards reported at $0 reflect compensation grants, where value is based on the company’s share price and plan formulas (the filing notes amounts were determined using the Feb 20 closing price).
  • RSUs and performance-based awards typically vest over time or upon meeting conditions; they do not indicate immediate share sales or cash proceeds unless subsequently exercised/settled and sold.
  • As a 10% owner, Seendripu’s filings are subject to Section 16 disclosure rules; some holdings are reported as held in trusts with disclaimers of beneficial ownership.