QuickLogic director gets 5,246 shares in RSU vest
QuickLogic director Kim Joyce converted 5,246 RSUs into common shares, increasing direct holdings to 7,386 shares.
Rhea-AI Filing Summary
QUICKLOGIC Corp (QUIK) director Kim Joyce reported the vesting and conversion of 5,246 Restricted Stock Units into an equal number of shares of common stock on September 2, 2026. The RSUs, which vest in full one year from their grant date, were exercised at $0.00 per share, bringing Joyce’s directly held common stock to 7,386 shares. No transactions were reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,246 shares exercised/converted
Exercise
2 txns
Insider
Kim Joyce
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1 | 5,246 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,246 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 7,386 shares (Direct)
Footnotes (1)
- F1. Restricted Stock Unit shares vest in full 1 year from the grant date.
Key Figures
RSUs converted: 5,246 units
Common shares acquired: 5,246 shares
Exercise price: $0.00 per share
+2 more
5 metrics
RSUs converted
5,246 units
Restricted Stock Units exercised and converted on September 2, 2026
Common shares acquired
5,246 shares
Shares of QuickLogic common stock received from RSU conversion
Exercise price
$0.00 per share
Exercise or conversion price for the 5,246 RSUs
Post-transaction holdings
7,386 shares
Common stock directly owned by Kim Joyce after the transaction
RSU vesting schedule
1 year from grant date
Footnote states RSU shares vest in full one year after grant
Key Terms
Restricted Stock Unit, derivative security, Rule 10b5-1
3 terms
Restricted Stock Unit financial
"Restricted Stock Unit shares vest in full 1 year from the grant date"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 regulatory
"Rule 10b5-1 checkbox is not marked as affirming a trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did QuickLogic (QUIK) director Kim Joyce report?
Kim Joyce reported the exercise and conversion of 5,246 Restricted Stock Units into 5,246 shares of QuickLogic common stock on September 2, 2026, at an exercise price of $0.00 per share.
What happened to the 5,246 Restricted Stock Units reported by QuickLogic (QUIK)?
The 5,246 Restricted Stock Units were exercised and converted into 5,246 shares of QuickLogic common stock, with the derivative RSU position reduced to 0 following the transaction.
What are the vesting terms of the RSUs in this QuickLogic (QUIK) Form 4?
According to the footnote, the Restricted Stock Unit shares vest in full one year from the grant date, after which they may be settled into shares of QuickLogic common stock.
Was Kim Joyce’s QuickLogic (QUIK) transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and there is no footnote stating the transactions were made pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.