MaxLinear (NASDAQ: MXL) CEO sells stock; trades not flagged as 10b5-1
Rhea-AI Filing Summary
MAXLINEAR, INC (MXL) reported that Chairman, President and CEO Kishore Seendripu, through entities associated with him, reported indirect sales of 591,454 shares of Common Stock on August 14 and 17, 2026. These sales were executed in multiple tranches at weighted average prices generally ranging from about $82.83 to $88.72 per share, as detailed in price-range footnotes. All reported sale entries are marked as indirect ownership, primarily through various family and heritage trusts; several of these trusts carry footnote language in which Seendripu disclaims Section 16 beneficial ownership except to the extent of any pecuniary interest. Separately, he is shown as holding 924,083 shares directly of MaxLinear common stock as of August 14, 2026.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F9, F2 | 19,373 | $84.6516 | $1.64M |
| Sale | Common Stock F10, F2 | 68,482 | $85.4449 | $5.85M |
| Sale | Common Stock F11, F2 | 72,298 | $86.4859 | $6.25M |
| Sale | Common Stock F12, F2 | 13,289 | $87.1067 | $1.16M |
| Sale | Common Stock F13, F2 | 2,285 | $88.1354 | $201K |
| Sale | Common Stock F14, F6 | 17,766 | $84.6305 | $1.50M |
| Sale | Common Stock F15, F6 | 68,976 | $85.4284 | $5.89M |
| Sale | Common Stock F16, F6 | 71,163 | $86.4674 | $6.15M |
| Sale | Common Stock F17, F6 | 13,919 | $87.1157 | $1.21M |
| Sale | Common Stock F18, F6 | 3,903 | $88.1621 | $344K |
| Sale | Common Stock F1, F2 | 35,963 | $83.3059 | $3.00M |
| Sale | Common Stock F3, F2 | 77,501 | $84.5372 | $6.55M |
| Sale | Common Stock F4, F2 | 6,536 | $84.8652 | $555K |
| Sale | Common Stock F5, F6 | 36,743 | $83.3078 | $3.06M |
| Sale | Common Stock F7, F6 | 77,515 | $84.8373 | $6.58M |
| Sale | Common Stock F8, F6 | 5,742 | $84.8647 | $487K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F19 | -- | -- | -- |
| holding | Common Stock F20 | -- | -- | -- |
| holding | Common Stock F21 | -- | -- | -- |
| holding | Common Stock F22 | -- | -- | -- |
| holding | Common Stock F23 | -- | -- | -- |
| holding | Common Stock F24 | -- | -- | -- |
| holding | Common Stock F25 | -- | -- | -- |
| holding | Common Stock F26 | -- | -- | -- |
| holding | Common Stock F27 | -- | -- | -- |
| holding | Common Stock F28 | -- | -- | -- |
| holding | Common Stock F29 | -- | -- | -- |
Footnotes (29)
- F1. Represents the weighted average share price of an aggregate total of 35,963 shares sold in the price range of $82.83 to $83.8275 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2. Shares held by the Ishan Krishna Seendripu Trust #2 dtd 07/14/2023, a trust for the benefit of the Reporting Person's child, and of which the trustee is an independent entity. The Reporting Person disclaims Section 16 beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 or any other purpose.
- F3. Represents the weighted average share price of an aggregate total of 77,501 shares sold in the price range of $83.83 to $84.825 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4. Represents the weighted average share price of an aggregate total of 6,536 shares sold in the price range of $84.83 to $84.94 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F5. Represents the weighted average share price of an aggregate total of 36,743 shares sold in the price range of $82.83 to $83.8225 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F6. Shares held by the Samira Seendripu Trust #2 dtd 07/14/2023, a trust for the benefit of the Reporting Person's child, and of which the trustee is an independent entity. The Reporting Person disclaims Section 16 beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 or any other purpose.
- F7. Represents the weighted average share price of an aggregate total of 77,515 shares sold in the price range of $83.835 to $84.825 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F8. Represents the weighted average share price of an aggregate total of 5,742 shares sold in the price range of $84.83 to $84.94 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F9. Represents the weighted average share price of an aggregate total of 19,373 shares sold in the price range of $83.93 to $84.9275 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F10. Represents the weighted average share price of an aggregate total of 68,482 shares sold in the price range of $84.93 to $85.925 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F11. Represents the weighted average share price of an aggregate total of 72,298 shares sold in the price range of $85.93 to $86.925 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F12. Represents the weighted average share price of an aggregate total of 13,289 shares sold in the price range of $86.93 to $87.71 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F13. Represents the weighted average share price of an aggregate total of 2,285 shares sold in the price range of $87.995 to $88.49 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F14. Represents the weighted average share price of an aggregate total of 17,766 shares sold in the price range of $83.91 to $84.905 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F15. Represents the weighted average share price of an aggregate total of 68,976 shares sold in the price range of $84.91 to $85.905 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F16. Represents the weighted average share price of an aggregate total of 71,163 shares sold in the price range of $85.91 to $86.905 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F17. Represents the weighted average share price of an aggregate total of 13,919 shares sold in the price range of $86.91 to $87.86 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F18. Represents the weighted average share price of an aggregate total of 3,903 shares sold in the price range of $87.91 to $88.72 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F19. Shares held by the Seendripu Family Trust dated 10/5/09, a trust for the benefit of the Reporting Person and the Reporting Person's spouse, for which the Reporting Person and the Reporting Person's spouse serve as trustees.
- F20. Shares held by the Kishore V. Seendripu 2024 Annuity Trust A, a grantor retained annuity trust for the benefit of the Reporting Person, for which the Reporting Person serves as trustee.
- F21. Shares held by the Rekha S. Seendripu 2024 Annuity Trust A, a grantor retained annuity trust for the benefit of the Reporting Person, for which the Reporting Person serves as trustee.
- F22. Shares held by The Seendripu Family Fund, a donor advised fund, for which the Reporting Person serves an advisor.
- F23. Shares held by the Seendripu Relatives Trust dated 10/5/09, a trust for the benefit of the Reporting Person's parents and siblings, and for which the Reporting Person serves as trustee.
- F24. Shares held by the Samira Seendripu Trust dtd 10/5/2009, a trust for the benefit of the Reporting Person's child, and for which the Reporting Person's sibling serves as trustee. The Reporting Person disclaims Section 16 beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 or any other purpose.
- F25. Shares held by the Ishan Krishna Seendripu Trust dtd 10/5/2009, a trust for the benefit of the Reporting Person's child, and for which the Reporting Person's sibling serves as trustee. The Reporting Person disclaims Section 16 beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 or any other purpose.
- F26. Shares held by the IKS Heritage Trust #2 dtd 07/14/2023, a trust for the benefit of the Reporting Person's child, and of which the trustee is an independent entity. The Reporting Person disclaims Section 16 beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 or any other purpose.
- F27. Shares held by the SS Heritage Trust #2 dtd 07/14/2023, a trust for the benefit of the Reporting Person's child, and of which the trustee is an independent entity. The Reporting Person disclaims Section 16 beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 or any other purpose.
- F28. Shares held by the SS Heritage Trust dated July 13, 2020, a trust for the benefit of the Reporting Person's child, and for which the Reporting Person serves as co-trustee.
- F29. Shares held by the IKS Heritage Trust dated July 13, 2020, a trust for the benefit of the Reporting Person's child, and for which the Reporting Person serves as co-trustee.
Key Figures
Key Terms
Section 16 beneficial ownership regulatory
grantor retained annuity trust financial
donor advised fund financial
FAQ
What insider transactions did MXL report for Kishore Seendripu in this Form 4?
Were Kishore Seendripu’s August 2026 MXL stock sales direct or indirect?
Are the reported MXL insider sales under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.