Form 4: MaxLinear Director Ted L Tewksbury III Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Director Ted L Tewksbury III exercised stock options and disposed of shares of MaxLinear, Inc. on February 28, 2024.
Summary
- On February 28, 2024, Ted L Tewksbury III, a director of MaxLinear, Inc., exercised stock options to acquire 35,822 shares of common stock at a price of $7.57 per share.
- Following the exercise of these options, Tewksbury disposed of 14,386 shares of common stock at a price of $18.85 per share.
- After these transactions, Tewksbury directly owns 73,556 shares of MaxLinear common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, simply reporting the execution of stock options and subsequent sale of shares by a company director. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend in the semiconductor industry. However, monitoring insider activity can provide insights into management's perspective on the company's valuation and future prospects.
Key Dates
| Date | Description |
|---|---|
| 05/08/2015 | Date stock options were exercisable |
| 02/28/2024 | Date of transaction: stock option exercise and share disposal |
| 02/29/2024 | Date of signature for the Form 4 filing |
| 11/20/2024 | Expiration date of the stock options |
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