Form 4: MaxLinear CFO Steven Litchfield Reports Stock Transactions

Steven Litchfield, CFO of MaxLinear, reports the vesting and subsequent disposal of restricted stock units and acquisition of common stock through an employee stock purchase plan.

Summary

• Steven Litchfield, the Chief Financial Officer and Chief Corporate Strategy Officer of MaxLinear, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On May 20, 2024, 840 restricted stock units (RSUs) vested and were subsequently disposed of.
• The disposal of the 840 shares was priced at $19.32.
• Also on May 20, 2024, 840 shares were acquired.
• Litchfield also acquired 985 shares of common stock under the company's 2010 Employee Stock Purchase Plan on May 15, 2024.
• Following these transactions, Litchfield directly owns 395,904 shares of MaxLinear common stock and 2,356 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and employee stock purchase plans, with no indication of unusual activity or concern.

Positives

• The reporting person's continued holding of a significant number of shares and restricted stock units indicates confidence in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine insider activity.

Key Dates