QUIK insider sale: CFO disposes 7,016 shares at $5.39 for tax withholding
Rhea-AI Filing Summary
Nader Elias, CFO and SVP Finance of QuickLogic Corp (QUIK), sold 7,016 shares of common stock on 08/28/2025 at $5.3941 per share to cover taxes from restricted stock units that vested on 08/24/2025. After the sale, Mr. Elias beneficially owned 74,449 shares. The Form 4 was filed as a single reporting person disclosure and signed by an attorney-in-fact on 08/29/2025.
This is a routine, tax-related disposition tied to RSU vesting rather than an open-market investment decision or a new trading plan. The sale generated proceeds at the reported price to satisfy tax withholding obligations; no other derivative or related transactions are reported.
Positive
- Timely disclosure of the transaction via Form 4, indicating compliance with Section 16 reporting requirements
- Clear explanation that the sale was to cover taxes from vested RSUs, reducing ambiguity about insider intent
- Reporting person retains 74,449 shares after the sale, maintaining insider ownership stake
Negative
- Insider sale of 7,016 shares reduces the reporting person’s holdings, which some investors may view negatively
Insights
TL;DR: Routine tax-related insider sale disclosed promptly; indicates compliance with reporting requirements and no apparent governance red flag.
The filing documents a standard sale of 7,016 shares to cover tax obligations from RSU vesting, with post-transaction beneficial ownership of 74,449 shares. Timely Form 4 reporting and the clear explanation of proceeds used for tax withholding reflect appropriate insider disclosure practices. There is no evidence in this filing of opportunistic selling or of other compensatory changes.
TL;DR: Small, routine insider sale; unlikely to be material to valuation or signal a change in company outlook.
The transaction price of $5.3941 and the sold amount of 7,016 shares are explicitly tied to RSU tax withholding. With 74,449 shares retained by the reporting person after the sale, the disclosure suggests continuation of insider alignment with shareholders rather than a divestiture of substantial holdings. No derivative transactions were reported.