MAXLINEAR (MXL) accounting officer sells 35,000 shares, retains 42,408
Rhea-AI Filing Summary
MAXLINEAR, INC corporate officer sells shares in open-market trades. Corporate Controller & Principal Accounting Officer Connie H. Kwong reported selling a total of 35,000 shares of MAXLINEAR common stock in two open-market transactions at prices around $96.92 and $97.15 per share. After these sales, she holds 42,408 shares directly. A footnote explains that 28,461 of the shares were sold at a weighted average price within a narrow range, indicating multiple executions within that band.
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Insights
Officer sold 35,000 MAXLINEAR shares in routine open-market trades.
Corporate Controller & PAO Connie H. Kwong executed two open-market sales totaling 35,000 shares of MAXLINEAR common stock. The reported average prices were about $96.92 and $97.15 per share, with no derivative exercises or tax-withholding events disclosed.
Following the transactions, she directly holds 42,408 common shares, so a substantial equity position remains. The filing characterizes both transactions as standard open-market sales, and the footnote clarifies that 28,461 shares were sold through multiple trades within a tight price range between $96.79 and $97.19.
There is no reference here to option exercises, trading plans, or restructurings, and the company’s derivativeSummary is empty, suggesting no option position visible in this filing. Future company filings may provide additional context on any further changes in her shareholdings or compensation-related equity awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,539 | $97.1451 | $635K |
| Sale | Common Stock | 28,461 | $96.9203 | $2.76M |
Footnotes (1)
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