Kishore Seendripu, Chairman, President, and CEO of MaxLinear, Inc. (NASDAQ:MXL), filed a Form 4 on August 18, 2026, disclosing multiple dispositions of MaxLinear common stock on August 14 and August 17, 2026, held through two family trusts.

Key Highlights

  • Reporting person: Kishore Seendripu, identified in the filing as Chairman, President and CEO, and a 10% Owner of MaxLinear, Inc.
  • Transaction dates: Sales of common stock occurred on August 14, 2026, and August 17, 2026.
  • Two trusts involved: Shares were held and sold through the Ishan Krishna Seendripu Trust #2 dtd 07/14/2023 and the Samira Seendripu Trust #2 dtd 07/14/2023, each described as a trust for the benefit of the reporting person's child with an independent trustee.
  • Price ranges: Weighted average sale prices across all transactions ranged from approximately $83.3059 to $88.1621 per share, with individual transaction price ranges disclosed in the footnotes.
  • Post-transaction ownership: Following all reported transactions, the filing shows 924,083 shares held directly and multiple indirect holdings, including 896,747, 300,000, 300,000, 182,893, 18,920, 448,413, 448,413, 295,727, 295,727, 250,799, and 250,799 shares under various indirect ownership structures.
  • Disclaimer of beneficial ownership: According to the filing, the reporting person "disclaims Section 16 beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any," for shares held in both trusts.

Details of Seendripu's Trust Share Sales in MaxLinear Common Stock

According to the filing, all reported transactions carry transaction code "S," indicating open-market sales. On August 14, 2026, shares were sold in six separate tranches across the two trusts. The Ishan Krishna Seendripu Trust #2 sold 35,963 shares at a weighted average price of $83.3059, 77,501 shares at $84.5372, and 6,536 shares at $84.8652. The Samira Seendripu Trust #2 sold 36,743 shares at $83.3078, 77,515 shares at $84.8373, and 5,742 shares at $84.8647.

On August 17, 2026, additional sales were reported from both trusts. From the Ishan Krishna Seendripu Trust #2, the filing discloses sales of 19,373 shares at $84.6516, 68,482 shares at $85.4449, 72,298 shares at $86.4859, 13,289 shares at $87.1067, and 2,285 shares at $88.1354, reducing that trust's reported holdings to zero. The Samira Seendripu Trust #2 similarly saw sales of 17,766 shares at $84.6305, 68,976 shares at $85.4284, 71,163 shares at $86.4674, 13,919 shares at $87.1157, and 3,903 shares at $88.1621, also reducing that trust's reported holdings to zero. Each stated price represents a weighted average, and the filing notes that full detail on shares sold at each separate price is available upon request to the Commission staff, the issuer, or a security holder.

The filing reports Seendripu's direct ownership at 924,083 shares following all transactions. No derivative securities transactions were reported in Table II.

What Was Disclosed

The Form 4 discloses dispositions of MaxLinear common stock by CEO Kishore Seendripu through two irrevocable children's trusts on August 14 and August 17, 2026, with weighted average prices ranging from $83.3059 to $88.1621 per share, and direct ownership remaining at 924,083 shares.