Form 4: MaxLinear Executive Michelle Sayer Reports Stock Transactions
SEC Form 4 Filing
Michelle Sayer, General Counsel and Chief Compliance Officer of MaxLinear, Inc., reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On May 27, 2024, Michelle Sayer, General Counsel and Chief Compliance Officer of MaxLinear, Inc., reported transactions involving MaxLinear's common stock.
- Sayer acquired 4,458 shares of common stock through the vesting of restricted stock units (RSUs).
- Simultaneously, 4,458 shares were disposed of to cover tax obligations at a price of $18.43 per share.
- Following these transactions, Sayer directly owns 16,443 shares of MaxLinear common stock.
- Sayer also directly owns 16,786 restricted stock units.
- The reported transactions also include the acquisition of 1,393 shares of Common Stock acquired under the Company's 2010 Employee Stock Purchase Plan on May 15, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Future Outlook
The remaining RSUs will continue to vest annually on each May 20 until May 20, 2026, subject to continued service.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider sentiment and activity.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Acquisition of 1,393 shares of Common Stock acquired under the Company's 2010 Employee Stock Purchase Plan. |
| 05/20/2023 | Initial vesting date for 25% of the 33,572 RSUs. |
| 05/24/2024 | Date used to determine the closing price of MaxLinear's common stock on NASDAQ for tax withholding. |
| 05/27/2024 | Date of RSU vesting and share disposal for tax obligations. |
| 05/20/2026 | Final vesting date for the remaining RSUs. |
| 05/29/2024 | Date of Form 4 filing. |
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