MaxLinear (MXL) CEO logs major 2025 stock and RSU grants in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SEENDRIPU KISHORE reported acquisition or exercise transactions in this Form 4 filing.
MaxLinear, Inc. chairman, president and CEO Kishore Seendripu reported equity awards rather than open-market trades. On February 20, 2026, he was granted 56,216 shares of common stock for the 2025 performance period under MaxLinear’s Executive Incentive Bonus Plan and Amended and Restated 2010 Equity Incentive Plan, and a separate performance-related grant of 49,651 shares of common stock tied to 2025 financial goals.
On February 18, 2026, he also received 138,136 restricted stock units (RSUs), each representing one MaxLinear share. These RSUs vest one-third on May 20, 2027 and then annually each May 20 until fully vested on May 20, 2029, assuming continued service. Some shares related to performance-based awards are deferred until employment ends or a qualifying change in control. The filing also lists substantial indirect holdings in multiple family and heritage trusts and a donor-advised fund, with Seendripu serving as trustee or advisor in several cases and expressly disclaiming beneficial ownership for certain child-focused trusts beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
SEENDRIPU KISHORE
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 56,216 | $0.00 | -- |
| Grant/Award | Common Stock | 49,651 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 138,136 | $0.00 | -- |
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Holdings After Transaction:
Common Stock — 827,000 shares (Direct);
Restricted Stock Units — 138,136 shares (Direct);
Common Stock — 896,747 shares (Indirect, See footnote)
Footnotes (1)
- Represents shares of Common Stock issued to the Reporting Person for the 2025 performance period under the Company's Executive Incentive Bonus Plan (the "Bonus Plan"). All shares were issued pursuant to the Company's Amended and Restated 2010 Equity Incentive Plan. Grant amounts were determined based on the award amount earned under the Bonus Plan and the closing price of the Company's Common Stock in trading on The Nasdaq Global Select Market on February 20, 2026. Represents shares of Common Stock issued to the Reporting Person in connection with the achievement of financial performance conditions for the 2025 fiscal year that were approved as part of the 2025 performance-based restricted stock award granted on August 4, 2025. All shares were issued pursuant to the Company's Amended and Restated 2010 Equity Incentive Plan. The Reporting Person has deferred settlement of the shares pursuant to a Restricted Stock Unit Election Form entered into by the Reporting Person on December 31, 2025 until the earliest of (i) the date of termination of the executive officer's service to the Company; or (ii) a qualifying change in control. 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. 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. 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. Shares held by The Seendripu Family Fund, a donor advised fund, for which the Reporting Person serves an advisor. 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. 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. Shares held by the Ishan Krishna Seendripu Trust dtd 10/5/09, 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. 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. 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. 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. 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. 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. 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. Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock. Subject to the Reporting Person continuing to be a Service Provider (as defined in the Company's Amended and Restated 2010 Equity Incentive Plan) through each applicable vesting date, one-third (1/3rd) of the RSUs subject to the award will vest on May 20, 2027, and one-third (1/3rd) of the RSUs subject to the award will vest annually on each May 20 thereafter, such that the award will be fully vested on May 20, 2029.
FAQ
What equity awards did MaxLinear (MXL) CEO Kishore Seendripu report in this Form 4?
He reported equity awards, not market purchases or sales. The filing shows 56,216 common shares for the 2025 bonus plan, 49,651 additional performance-based common shares, and 138,136 restricted stock units, all granted under MaxLinear’s Amended and Restated 2010 Equity Incentive Plan.
How are the 138,136 RSUs granted to the MaxLinear (MXL) CEO scheduled to vest?
The RSUs vest over three years, subject to continued service. One-third vests on May 20, 2027, with additional one-third portions vesting on May 20, 2028 and May 20, 2029, so the entire 138,136-unit award becomes fully vested by May 20, 2029.
Are the new MaxLinear (MXL) CEO stock awards tied to 2025 performance?
Yes. One 56,216-share grant reflects the 2025 performance period under the Executive Incentive Bonus Plan. Another 49,651-share grant is linked to achievement of 2025 financial performance conditions from a prior performance-based restricted stock award approved for that fiscal year.
Does the MaxLinear (MXL) Form 4 show any open-market stock purchases or sales by the CEO?
No open-market buys or sells are reported. All coded transactions are acquisitions classified as grants or awards at a zero dollar per-share price, reflecting compensation-related issuances rather than discretionary trading in MaxLinear’s common stock on the market.