QUIK Form 4: CEO Faith Brian C Receives 105,341 Restricted Stock Units
Rhea-AI Filing Summary
Faith Brian C, who serves as President and CEO and a director of QuickLogic Corp (QUIK), reported the grant of 105,341 restricted stock units (RSUs) on 09/02/2025. Each RSU represents a contingent right to receive one share of the issuer's common stock and the RSUs were awarded at a $0 per-unit price. The filing shows the RSUs vest 50% after one year and the remaining 50% after two years, subject to the grantee's continued employment. Following the reported transaction the filing lists 105,341 shares beneficially owned (direct). The form was signed by an attorney-in-fact on 09/04/2025.
Positive
- 105,341 RSUs awarded to the CEO and director, increasing reported direct beneficial ownership
- Clear vesting schedule disclosed: 50% after one year and 50% after two years
Negative
- None.
Insights
TL;DR: CEO received 105,341 RSUs with a two-step vesting schedule; disclosure is routine for executive compensation.
The Form 4 documents a standard equity grant to an insider who is both CEO and a director. The grant size and explicit vesting schedule are disclosed and the units are priced at $0, indicating a non-cash equity award rather than an open-market purchase. This filing provides clear timelines for when the reported shares may convert to common stock, which is important for governance transparency and insider ownership tracking.
TL;DR: 105,341 RSUs awarded with 50% / 50% vesting at one- and two-year marks; typical retention-focused structure.
The reported instrument is an RSU with a two-year staged vesting schedule: half vests after one year and the remainder after two years, contingent on continued employment. The report lists the post-transaction beneficial ownership as 105,341 shares (direct). The filing lacks dollar valuation beyond the stated $0 per unit, so compensation expense or fair value is not reported here.