Form 4: MaxLinear CEO Kishore Seendripu Acquires 108,303 Shares
SEC Form 4 Filing
MaxLinear's Chairman, President, and CEO, Kishore Seendripu, purchased 108,303 shares of the company's common stock at an average price of $12.9414 on July 30, 2024.
Summary
- On July 30, 2024, Kishore Seendripu, Chairman, President, and CEO of MaxLinear, Inc., acquired 108,303 shares of common stock.
- The shares were purchased at a weighted average price of $12.9414, with individual prices ranging from $12.80 to $13.30.
- Following the transaction, Seendripu directly owns 675,107 shares of MaxLinear common stock.
- Seendripu also has indirect ownership through various trusts, including family trusts and grantor retained annuity trusts.
- The reporting person disclaims Section 16 beneficial ownership of shares held by certain trusts for the benefit of his children, except to the extent of his pecuniary interest therein.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's health.
Positives
- The CEO's purchase of a significant number of shares could be interpreted as a positive signal about his confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. Monitoring such filings can provide insights into management's sentiment towards the company's stock.
Stakeholder Impact
- The stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/5/09 | Date of the Seendripu Family Trust and the Seendripu Relatives Trust. |
| 7/13/2020 | Date of the SS Heritage Trust and the IKS Heritage Trust. |
| 07/14/2023 | Date of the Ishan Krishna Seendripu Trust #2, the Samira Seendripu Trust #2, the IKS Heritage Trust #2, and the SS Heritage Trust #2. |
| 07/30/2024 | Date of the stock purchase transaction and filing of the Form 4. |
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