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QuickLogic (QUIK) Form 4: Saxe Sells 9,155 Shares After RSU Vesting

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Timothy Saxe, Sr. VP and CTO of QuickLogic Corp (QUIK), reported a sale of 9,155 shares of the company's common stock on 09/19/2025 at a weighted average price of $5.8025 per share to cover taxes from restricted stock units that vested on 09/13/2025. After the sale, Mr. Saxe beneficially owned 125,916 shares on a direct basis. The filing was signed by an attorney-in-fact on 09/22/2025. The disclosure notes the sale occurred in multiple transactions at prices ranging from $5.61 to $5.8082 and that full per-transaction details can be provided on request.

Positive

  • Clear disclosure that the sale was to cover taxes from RSU vesting, which helps distinguish the transaction from discretionary selling
  • Detailed pricing range provided ($5.61 to $5.8082) plus a weighted average ($5.8025), offering transparency
  • Substantial residual stake remains with the reporting person: 125,916 shares beneficially owned after the sale

Negative

  • Insider sold 9,155 shares, which is a reduction in direct holdings that investors may note
  • Form does not state whether the sale was part of a Rule 10b5-1 plan (no box checked to indicate such a plan)

Insights

TL;DR: Insider sold a modest portion of holdings to cover taxes; remaining stake remains material.

The reported disposition of 9,155 shares represents a routine, non-discretionary tax-covering sale tied to RSU vesting rather than an open-market reduction for liquidity or diversification purposes. The weighted average sale price was $5.8025, with transactions between $5.61 and $5.8082. Post-transaction direct ownership of 125,916 shares remains intact, suggesting continued insider alignment with shareholders while realizing tax obligations.

TL;DR: Form 4 shows appropriate disclosure for a tax-related sale; documentation offers transparency on pricing.

The filing clearly states the sale purpose (tax withholding for RSU vesting) and provides a weighted average price plus the intra-range prices, preserving transparency. The signature was executed by an attorney-in-fact on 09/22/2025, consistent with authorized filing practices. No indication of rule 10b5-1 plan usage is asserted in the form text provided.

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*
SAXE TIMOTHY

(Last) (First) (Middle)
2220 LUNDY AVENUE

(Street)
SAN JOSE CA 95131

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUICKLOGIC Corp [ QUIK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SR. VP AND CTO
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 09/19/2025 S 9,155(1) D $5.8025(2) 125,916 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
Explanation of Responses:
1. Shares were sold to cover the taxes from restricted stock units that vested on September 13, 2025.
2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $5.61 to $5.8082, 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.
/s/ Harjit Lally, Attorney-in-Fact 09/22/2025
** 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.

FAQ

What did the QuickLogic (QUIK) Form 4 filed by Timothy Saxe disclose?

The Form 4 disclosed a sale of 9,155 shares on 09/19/2025 at a weighted average price of $5.8025 to cover taxes from RSUs that vested on 09/13/2025.

How many QuickLogic shares does Timothy Saxe own after the reported sale?

Following the reported transaction, Mr. Saxe beneficially owned 125,916 shares on a direct basis.

At what prices were the QUIK shares sold according to the filing?

The filing reports a weighted average price of $5.8025 and states shares were sold at prices ranging from $5.61 to $5.8082.

Why were the QuickLogic shares sold by the reporting person?

The filing states the shares were sold to cover taxes resulting from restricted stock units that vested on 09/13/2025.

Who signed the Form 4 for Timothy Saxe and when?

The Form 4 was signed by an attorney-in-fact, Harjit Lally, on 09/22/2025.
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