MaxLinear Officer Plans $29.8M Share Sale
MXL has more than doubled off its 52-week low of $12.77.
Summary
MaxLinear officer Kishore Seendripu plans to sell 351,454 shares worth about $29.8 million, following a $20.4 million sale notice filed three days earlier.
Key Events · Ownership and Investor Activity · MXL
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Officer Plans $29.8M Share Sale
Kishore V. Seendripu filed a Form 144 to sell 351,454 shares worth approximately $29.8 million, with the sale expected on 08/17/2026.
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Follows Prior $20.4M Sale Notice
This filing comes three days after a Form 144 for 240,000 shares worth about $20.4 million, indicating continued insider selling.
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Shares Acquired as Gifts
The shares were acquired as gifts from the Seendripu Family Trust dated 10/5/09 on 03/03/2022, with no payment made.
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Insider Distribution Pattern
This is the fourth Form 144 filing in the last 90 days, with net insider selling of $1.155 million over that period.
Analysis · MXL · Manufacturing
Kishore V. Seendripu, an officer of MaxLinear, has filed a Form 144 to sell 351,454 shares worth approximately $29.8 million. This follows a prior Form 144 filed just three days ago for 240,000 shares worth about $20.4 million. The new filing represents a larger proposed sale and adds to the ongoing insider distribution pattern. The shares were acquired as gifts from a family trust, and the sale is being executed through Goldman Sachs. While the company's fundamentals have improved recently with strong Q2 results and AI data center demand, this significant insider selling could weigh on investor sentiment.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1498 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MXL was trading at $84.73 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $7.7B. The 52-week trading range was $12.77 to $128.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.