MXL Form 4/A: Ted Tewksbury III Corrected Grant of 15,741 RSUs
Rhea-AI Filing Summary
MaxLinear, Inc. director Ted L. Tewksbury III amended his earlier Form 4 to report an award of 15,741 restricted stock units (RSUs). Each RSU converts to one share of common stock and the amendment corrects the previously reported RSU count. The RSUs were granted on 05/20/2025 and are subject to a single vesting event: 100% vesting on the earlier of 05/01/2026 or the day before the next annual shareholders meeting, provided the reporting person remains a director. Following the reported transaction the reporting person beneficially owns 15,741 shares directly. The filing is an amendment to the Form 4 filed on 05/22/2025 and was signed by an attorney-in-fact on 10/10/2025.
Positive
- Amendment corrects prior filing, improving disclosure accuracy
- Full RSU vesting schedule disclosed (100% on earlier of 05/01/2026 or pre-annual meeting)
- Clear post-transaction ownership of 15,741 shares directly beneficially owned
Negative
- No immediate cash value disclosed for the award (exercise/settlement value not specified)
- Vesting conditioned on continued directorship, so award is contingent on future service
Insights
TL;DR: Director received a corrected award of 15,741 RSUs that vest fully by 05/01/2026.
The award is structured as restricted stock units where each RSU converts to one share of common stock; the report corrects the originally filed quantity. A single vesting event for 100% of the award simplifies future dilution timing and aligns the grant with continued board service.
Key dependencies include continued service through 05/01/2026 (or the annual meeting) and the company’s share issuance mechanics. Investors monitoring share count changes should note the timing of vesting as the most direct near-term dilution event.
TL;DR: Amendment corrects the RSU quantity, improving transparency on insider holdings.
The filing shows the reporting person directly beneficially owns 15,741 shares post-transaction and indicates the company uses time-based RSUs tied to board service. Correcting a prior Form 4 reduces reporting ambiguity and clarifies outstanding equity obligations.
Watch the vesting date 05/01/2026 for potential share issuance and any subsequent forms reporting actual share deliveries. The amendment itself is a routine compliance update rather than a trading event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 15,741 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock. This amendment is being filed to correct the number of RSUs reported in the Form 4 filed May 22, 2025. Subject to the Reporting Person's continuing as a Director (as defined in the 2010 Equity Incentive Plan) through such date, one hundred percent (100%) of the RSUs subject to the award will vest on the earlier to occur of May 1, 2026 or the date immediately preceding the next annual meeting of stockholders.
