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.