Form 4: MaxLinear Corporate Controller Connie Kwong Reports Stock Transactions
SEC Form 4
Connie Kwong, Corporate Controller & PAO of MaxLinear, Inc., reports the vesting and delivery of restricted stock units and related tax withholding.
Summary
- On May 27, 2024, Connie Kwong, Corporate Controller & PAO of MaxLinear, Inc., reported transactions involving MaxLinear's common stock.
- Kwong received 6,637 shares of common stock from the vesting of restricted stock units (RSUs).
- 6,637 shares were withheld by the company to satisfy tax obligations at a price of $18.43.
- Following these transactions, Kwong directly owns 50,567 shares of MaxLinear common stock.
- The transactions relate to RSUs that vested on May 20, 2024, with delivery of shares deferred until May 27, 2024.
- The vesting schedule for the RSUs is based on continued service as a Service Provider, as defined in the 2010 Equity Incentive Plan.
Sentiment
Score: 7
Explanation: Routine insider transaction; no significant positive or negative implications.
Positives
- The vesting of RSUs indicates that Kwong has met the service requirements outlined in the 2010 Equity Incentive Plan.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| May 20, 2021 | Initial vesting date for 10% of 27,849 RSUs. |
| May 20, 2022 | Vesting date for 20% of 27,849 RSUs and 10% of 4,539 RSUs. |
| May 20, 2023 | Vesting date for 30% of 27,849 RSUs and 20% of 4,539 RSUs. |
| May 15, 2024 | Acquisition of 976 shares of Common Stock under the Company's 2010 Employee Stock Purchase Plan. |
| May 20, 2024 | Vesting date for 40% of 27,849 RSUs and 30% of 4,539 RSUs; deferred delivery of shares. |
| May 24, 2024 | Date used to determine the closing price of MaxLinear's Common Stock on NASDAQ for tax withholding. |
| May 27, 2024 | Date of reported transactions: RSU vesting and tax withholding; delivery of deferred shares. |
| May 20, 2025 | Final vesting date for 40% of 4,539 RSUs. |
| May 29, 2024 | Date of signature on the Form 4 filing. |
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