[Form 4] QuickLogic Corp Insider Trading Activity
Timothy Saxe, Sr. VP and CTO of QuickLogic Corp (QUIK), reported a sale of 8,769 shares of common stock on 08/28/2025 at a price of $5.3941 per share. The filing states the shares were sold to cover taxes from restricted stock units that vested on August 24, 2025. After the transaction, Mr. Saxe beneficially owned 116,468 shares, held directly. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 08/29/2025.
- Timely and specific disclosure of the sale, including date, price, and the stated reason (taxes on vested RSUs)
- Reporting shows ongoing direct ownership of 116,468 shares after the transaction
- Insider sale of 8,769 shares reduces the reporting person’s holdings, though sale is stated to be for tax purposes
Insights
TL;DR: Routine insider tax-sale of vested RSUs; small reduction in direct holdings, no new grants or purchases reported.
The filing documents a sale of 8,769 shares at $5.3941 to satisfy tax obligations from RSUs vested four days earlier. This is a common administrative sale and does not indicate an acquisition or exercise activity. The report shows 116,468 shares remain beneficially owned directly by the reporting person, so the sale reduced holdings but did not eliminate a material stake. No derivative transactions or additional compensatory grants are disclosed in this Form 4.
TL;DR: Disclosure complies with Section 16 timing; transaction was executed to cover tax withholding on vested RSUs.
The Form 4 clearly states the transaction code and the reason for the sale as tax withholding on vested restricted stock units, which aligns with standard insider practice. Filing was made by a single reporting person and signed via attorney-in-fact. There is no indication of Rule 10b5-1 plan usage in the form, and no amendments or additional material governance actions are recorded.