QuickLogic (QUIK) Form 4: Saxe Sells 9,155 Shares After RSU Vesting
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,155 | $5.8025 | $53K |
Footnotes (1)
- Shares were sold to cover the taxes from restricted stock units that vested on September 13, 2025. 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.