QuickLogic CEO exercises options, sells 41,480 shares

QuickLogic Corp President and CEO Brian C. Faith executed a cashless stock option exercise tied to 41,480 shares of Common Stock and sold 41,480 shares in the process.

Rhea-AI Filing Summary

QuickLogic Corp President and CEO Brian C. Faith executed a cashless stock option exercise tied to 41,480 shares of Common Stock and sold 41,480 shares in the process. He exercised fully vested options with a $12.054 exercise price and sold the resulting shares at a weighted average price of $20.4458 per share.

According to the disclosure, the sale was used to cover the exercise price and withholding tax obligations related to options that would otherwise have expired on September 7, 2026. After these transactions, Faith directly holds 228,412 shares of QuickLogic common stock.

Insider Trade Summary

Exercise and Sale: 41,480 shares ($348K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Faith Brian C

Role PRESIDENT AND CEO

Sold 41,480 shs ($848K)

Approx. gross sale proceeds $848K

Approx. exercise cost $500K

Approx. pre-tax spread $348K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	41,480	$0.00	$0.00
Exercise	Common Stock	41,480	$12.054	$500K
Sale	Common Stock	41,480	$20.4458	$848K

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 228,412 shares (Direct)

Footnotes (3)

1. F1. Sale of shares to cover the exercise price and withholding tax obligations pursuant to a cashless exercise of fully vested stock options granted September 8, 2016 issued pursuant to the Company's 2019 Stock Plan. Such fully vested stock options would otherwise expire on September 7, 2026.
2. F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.11 to $20.61, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
3. F3. The option vested over a four-year period with 25% vesting one year from the grant date, and the remainder vesting monthly over the remaining three years. The option is fully vested and exercisable as of September 8, 2020.

Key Figures

Shares sold: 41,480 shares Weighted average sale price: $20.4458 per share Option exercise price: $12.054 per share +4 more

7 metrics

Shares sold 41,480 shares Common Stock sold in open-market transactions on May 20, 2026

Weighted average sale price $20.4458 per share Average price for 41,480 shares sold, with trades from $20.11 to $20.61

Option exercise price $12.054 per share Exercise price for 41,480 stock options converted into common shares

Shares owned after transaction 228,412 shares Directly held QuickLogic common stock after exercise-and-sale

Options exercised 41,480 options Stock Option (Right to Buy) fully exercised, leaving 0 derivative balance

Option expiration date September 7, 2026 Original expiration date of fully vested options exercised in this filing

Sale price range $20.11–$20.61 per share Range of individual trade prices for the 41,480 shares sold

Key Terms

cashless exercise, weighted average price, Stock Option (Right to Buy), withholding tax obligations, +1 more

5 terms

cashless exercise financial

"Sale of shares to cover the exercise price and withholding tax obligations pursuant to a cashless exercise of fully vested stock options"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Stock Option (Right to Buy) financial

""Stock Option (Right to Buy)" listed as the derivative security title"

withholding tax obligations financial

"Sale of shares to cover the exercise price and withholding tax obligations pursuant to a cashless exercise"

fully vested stock options financial

"cashless exercise of fully vested stock options granted September 8, 2016"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did QUICKLOGIC Corp (QUIK) CEO Brian C. Faith report?

Brian C. Faith reported exercising stock options for 41,480 QuickLogic common shares and selling 41,480 shares the same day. The transactions reflect a cashless option exercise, with shares sold mainly to cover the exercise price and tax withholding obligations.

At what prices did QUICKLOGIC Corp (QUIK) CEO sell the 41,480 shares?

The 41,480 QuickLogic shares were sold at a weighted average price of $20.4458 per share. A footnote states the sales occurred in multiple trades, with individual prices ranging from $20.11 to $20.61 per share during the transaction date.

How many QUICKLOGIC Corp (QUIK) shares does the CEO own after this Form 4?

Following the reported exercise and sale, Brian C. Faith directly owns 228,412 shares of QuickLogic common stock. This figure represents his remaining direct equity stake after using 41,480 option-related shares to fund the cashless exercise and related tax obligations.

What stock options did the QUICKLOGIC Corp (QUIK) CEO exercise in this filing?

Faith exercised stock options covering 41,480 shares of QuickLogic common stock at a $12.054 exercise price. The options were granted on September 8, 2016, vested over four years, became fully exercisable by September 8, 2020, and would have expired on September 7, 2026.

Was the QUICKLOGIC Corp (QUIK) CEO sale a cashless option exercise?

Yes. A footnote states the sale was to cover the exercise price and withholding tax obligations pursuant to a cashless exercise of fully vested stock options. This structure uses part of the shares from the exercise to fund costs instead of separate cash payments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/21/2026 - 04:23 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Faith Brian C

(Last) (First) (Middle)

2220 LUNDY AVENUE

(Street)

SAN JOSE CALIFORNIA 95131

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
QUICKLOGIC Corp [ QUIK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		M		41,480	A	$12.054	269,892	D
Common Stock	05/20/2026		S(1)		41,480	D	$20.4458(2)	228,412	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$12.054	05/20/2026		M			41,480	(3)	09/07/2026	Common Stock	41,480	$0	0	D

Explanation of Responses:

1. Sale of shares to cover the exercise price and withholding tax obligations pursuant to a cashless exercise of fully vested stock options granted September 8, 2016 issued pursuant to the Company's 2019 Stock Plan. Such fully vested stock options would otherwise expire on September 7, 2026.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.11 to $20.61, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. The option vested over a four-year period with 25% vesting one year from the grant date, and the remainder vesting monthly over the remaining three years. The option is fully vested and exercisable as of September 8, 2020.

	/s/ Harjit Lally, Attorney-in-Fact	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)