State Street's 5% stake in MaxLinear disclosed: 4.3M shares

Rhea-AI Filing Summary

State Street Corporation reports beneficial ownership of 4,302,294 shares of MaxLinear Inc. common stock, representing 5% of the outstanding class. The filer discloses no sole voting or dispositive power; instead it reports shared voting power of 4,051,581 shares and shared dispositive power of 4,302,294 shares, indicating the position is managed collectively across accounts. The filing states the securities are held in the ordinary course of business and were not acquired to change or influence control. Several State Street advisory subsidiaries are named as the relevant holders, including SSGA Funds Management, State Street Global Advisors Europe Limited, State Street Global Advisors Limited and State Street Global Advisors Trust Company.

Positive

• Institutional stake disclosed: State Street reports ownership of 4,302,294 shares (5%) of MaxLinear common stock.
• Held in ordinary course: The filer certifies the position is held in the ordinary course of business and not to influence control.
• Multiple advisory entities identified: Several State Street Global Advisors subsidiaries are named as the relevant holders, improving transparency.

Negative

• No sole voting or dispositive power: The filer reports 0 shares of sole voting or dispositive authority, limiting direct control.
• Shared voting power only: With 4,051,581 shares of shared voting power, influence is collective rather than unilateral.

Insights

Securities Analyst

TL;DR State Street holds a material institutional stake (4.30M shares, 5%) in MXL, reported as passive and shared across advisory entities.

The disclosure shows a meaningful institutional position by State Street totaling 4,302,294 shares or 5% of MaxLinear's common stock, with voting and dispositive authority exercised on a shared basis. Because the filer affirms the stake is held in the ordinary course and not to influence control, the filing signals a passive, portfolio-level ownership rather than an activist intent. For investors, this clarifies that a major asset manager holds a notable block but does not claim unilateral control.

Corporate Governance Expert

TL;DR The filing is informative about ownership structure but shows no change in control—sole powers are zero and multiple advisory subsidiaries are identified.

State Street identifies specific advisory subsidiaries as the entities through which the shares are held, which is typical for institutional custodians and asset managers. The absence of sole voting or dispositive power means governance influence is limited unless coordinated with other holders. The disclosure improves transparency about who holds a significant block of MXL stock but does not by itself imply governance activism or a change in board dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MAXLINEAR INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

57776J100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 57776J100

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,051,581.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,302,294.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,302,294.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MAXLINEAR INC
(b)	Address of issuer's principal executive offices: 5966 LA PLACE COURT SUITE 100 , CARLSBAD, CALIFORNIA, 92008
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 57776J100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4302294.00
(b)	Percent of class: 5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 4,051,581
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 4,302,294
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	08/08/2025

FAQ

How many MaxLinear (MXL) shares does State Street own?

State Street reports beneficial ownership of 4,302,294 shares of MaxLinear common stock.

What percentage of MXL does State Street's position represent?

The reported position represents 5% of the outstanding class of MaxLinear common stock.

Does State Street have sole voting or dispositive power over these MXL shares?

No. The filer reports 0 shares of sole voting power and 0 shares of sole dispositive power.

How much shared voting power does State Street report for MXL?

State Street reports 4,051,581 shares of shared voting power.

Are the shares held to influence control of MaxLinear?

The filing states the securities are held in the ordinary course of business and were not acquired to change or influence control.