MAXLINEAR officer sells 35,000 shares in open market
MAXLINEAR, INC corporate officer sells shares in open-market trades.
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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 13,947 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.
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)
- F1. Represents the weighted average share price of an aggregate total of 28,461 shares sold in the price range of $96.79 to $97.19 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.
Key Figures
Key Terms
open-market sale financial
Common Stock financial
Form 4 regulatory
FAQ
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What did MAXLINEAR (MXL) officer Connie H. Kwong report in this Form 4?
Were the MAXLINEAR (MXL) insider sales linked to stock options or derivatives?
What does the weighted average price footnote mean in the MAXLINEAR (MXL) Form 4?
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