Form 4: MaxLinear Director Sells Shares, Corrects Past Filing Error

A MaxLinear director, Ted L Tewksbury III, sold 5,800 shares and corrected a clerical error from a 2015 filing.

Summary

• Ted L Tewksbury III, a director at MaxLinear, Inc., sold 5,800 shares of common stock on November 21, 2024, at a weighted average price of $15.3638 per share.
• The sale was executed within a price range of $15.36 to $15.39.
• Following the transaction, Mr. Tewksbury beneficially owns 69,717 shares of MaxLinear stock.
• The filing also corrects a clerical error from a previous Form 3 filed on May 14, 2015, which omitted 4,791 shares held by Mr. Tewksbury.
• The corrected total includes the previously omitted shares.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a routine share sale and a correction of a past error. There is no indication of positive or negative sentiment.

Positives

• The filing corrects a past clerical error, providing a more accurate record of the director's holdings.

Industry Context

This is a routine filing related to insider trading activity, which is common for publicly traded companies. It does not indicate any specific trend in the semiconductor industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies like MaxLinear, similar to filings made by executives at companies such as Broadcom, Qualcomm, and Marvell.
• The share sale is a common transaction and does not appear to be unusual compared to similar filings from other technology companies.
• The correction of a clerical error is not uncommon and is a standard process to ensure accurate reporting.

Stakeholder Impact

• The share sale by a director may have a minor impact on shareholder sentiment, but is unlikely to be significant.
• The correction of the clerical error ensures transparency and accuracy for all stakeholders.

Key Dates

Keywords

MaxLinear, Director, Share Sale, Form 4, Beneficial Ownership, Clerical Error, Stock Transaction