QuickLogic CTO gets 30,121 shares from stock units
QuickLogic’s CTO converted 30,121 restricted stock units into common stock, bringing his direct holdings to 159,166 shares.
Rhea-AI Filing Summary
QUICKLOGIC Corp (QUIK) reported that Senior Vice President and Chief Technology Officer Timothy Saxe exercised 30,121 restricted stock units into the same number of common shares on September 2, 2026 at $0.00 per share. Following this equity award conversion, he directly holds 159,166 common shares, including shares acquired through the employee stock purchase plan.
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- None.
Negative
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Insider Trade Summary
30,121 shares exercised/converted
Exercise
2 txns
Insider
SAXE TIMOTHY
Role
SR. VP AND CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F2 | 30,121 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 30,121 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 30,120 contracts (Direct);
Common Stock — 159,166 shares (Direct)
Footnotes (2)
- F1. Includes 1,473 ESPP shares purchased in a non-reportable transaction on November 14, 2025 and 1,656 ESPP shares purchased in a non-reportable transaction on May 14, 2026.
- F2. Restricted stock units vest 50% after one year after date of issuance and the remaining 50% after two years from the date of issuance, subject to continued employment of the grantee.
Key Figures
Restricted stock units exercised: 30,121 shares
Exercise price per share: $0.00 per share
Common shares owned after transaction: 159,166 shares
+4 more
7 metrics
Restricted stock units exercised
30,121 shares
Converted into common stock on September 2, 2026
Exercise price per share
$0.00 per share
Restricted stock unit conversion on September 2, 2026
Common shares owned after transaction
159,166 shares
Direct QUICKLOGIC common stock holdings after September 2, 2026
Employee stock purchase plan shares (November 14, 2025)
1,473 shares
Included within post-transaction common stock holdings
Employee stock purchase plan shares (May 14, 2026)
1,656 shares
Included within post-transaction common stock holdings
Vesting schedule – first tranche
50%
Restricted stock units vest one year after issuance, subject to continued employment
Vesting schedule – second tranche
50%
Restricted stock units vest two years after issuance, subject to continued employment
Key Terms
Restricted stock unit, Employee stock purchase plan, vesting
3 terms
Restricted stock unit financial
"Restricted stock units vest 50% after one year after date of issuance"
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.
Employee stock purchase plan financial
"Includes 1,473 ESPP shares purchased in a non-reportable transaction"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
vesting financial
"Restricted stock units vest 50% after one year after date of issuance"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did QUIK report for Timothy Saxe on September 2, 2026?
QUIK reported that Timothy Saxe exercised 30,121 restricted stock units into 30,121 shares of common stock on September 2, 2026. The conversion was recorded at $0.00 per share, reflecting an equity award rather than a market purchase.
Are Timothy Saxe’s QUIK restricted stock units subject to vesting conditions?
Yes. A footnote explains that QUICKLOGIC restricted stock units vest 50% one year after the date of issuance and the remaining 50% two years after issuance, subject to the grantee’s continued employment with the company.
Was Timothy Saxe’s QUIK Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5‑1 checkbox is not marked, so no Rule 10b5‑1 trading plan is reported in connection with these QUICKLOGIC equity award transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
