QuickLogic (QUIK) Director Executes 10b5-1 Sale and Receives RSUs
Rhea-AI Filing Summary
QuickLogic Corp director Gary H. Tauss reported a sale and a grant in this Form 4 filing. The filing shows a sale of 1,400 shares of common stock on 09/03/2025 at $4.86 per share under a Rule 10b5-1 trading plan adopted March 4, 2024, leaving the reporting person with 15,863 shares beneficially owned. Separately, 5,246 restricted stock units (RSUs) were acquired on 09/02/2025; each RSU converts into one share and they vest in full one year after the grant date.
The transactions were reported by an attorney-in-fact with a signature date of 09/04/2025.
Positive
- Sale executed under Rule 10b5-1 plan, indicating the transaction followed a pre-established trading schedule
- 5,246 RSUs granted that convert one-for-one to common stock, with clear one-year vesting
- Accurate reporting shown by signed Form 4 filed and attorney-in-fact submission
Negative
- Insider sold 1,400 shares at $4.86, reducing direct beneficial ownership to 15,863 shares
- RSU grant will result in potential future share issuance when the units vest in one year
Insights
TL;DR: Director exercised a pre-established 10b5-1 plan to sell shares and received time‑vesting RSUs.
The sale of 1,400 shares at $4.86 was effected pursuant to an existing Rule 10b5-1 plan, which indicates the trade followed a pre-set schedule rather than opportunistic timing. Net beneficial ownership after the sale is 15,863 shares. The reporting person also received 5,246 RSUs that convert one-for-one to common stock and fully vest one year from grant, creating future potential share issuance on vesting.
TL;DR: Routine director disclosure showing compliance with trading-plan and grant vesting schedule.
The Form 4 documents a compliance-oriented disposal under a 10b5-1 plan and a standard RSU award with a one-year vesting condition. Both items are common director-level actions: a planned sale does not necessarily signal new company-specific information, and RSU grants are typical retention compensation. Reporting via attorney-in-fact appears procedural and properly dated.