QuickLogic CTO sells 15K shares, exercises RSUs
QuickLogic’s chief technology officer exercised 18,602 restricted stock units and sold 15,190 shares mainly to cover tax obligations from a recent vesting.
Rhea-AI Filing Summary
QUICKLOGIC Corp (QUIK) reported that senior vice president and chief technology officer Timothy Saxe exercised restricted stock units into 18,602 shares of common stock on September 13, 2026, eliminating his position in those units. On September 10, 2026, he sold 15,190 shares at a weighted average price of $10.798 per share to cover taxes from restricted stock units that vested on September 2, 2026. No Rule 10b5-1 trading plan is reported for these transactions, and the restricted stock units vest 50% after one year and 50% after two years from grant, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
SAXE TIMOTHY
Role
SR. VP AND CTO
Sold
15,190 shs ($164K)
Approx. gross sale proceeds
$164K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F3 | 18,602 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,602 | $0.00 | $0.00 |
| Sale | Common Stock F1, F2 | 15,190 | $10.798 | $164K |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 162,578 shares (Direct)
Footnotes (3)
- F1. Shares were sold to cover the taxes from restricted stock units that vested on September 2, 2026.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.485 to $11.212, 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.
- F3. 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
Shares sold: 15,190 shares
Weighted average sale price: $10.798 per share
Sale price range: $10.485–$11.212 per share
+3 more
6 metrics
Shares sold
15,190 shares
Common stock sale on September 10, 2026 to cover taxes from vested units
Weighted average sale price
$10.798 per share
Common stock sold on September 10, 2026, in multiple transactions
Sale price range
$10.485–$11.212 per share
Price range for the September 10, 2026 common stock sales
Shares acquired from restricted stock units
18,602 shares
Common shares received on September 13, 2026 upon exercise of restricted stock units
Restricted stock units exercised
18,602 units
Restricted stock units converted into common stock on September 13, 2026
Restricted stock unit vesting schedule
50% after one year; 50% after two years
Vesting from the date of issuance, subject to continued employment
Key Terms
restricted stock units, weighted average price, continued employment
3 terms
restricted stock units financial
"Shares were sold to cover the taxes from restricted stock units that vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
continued employment financial
"vesting ... after two years from the date of issuance, subject to continued employment"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did QUIK’s CTO report on this Form 4?
Timothy Saxe reported exercising restricted stock units into 18,602 shares of QUICKLOGIC common stock on September 13, 2026, and selling 15,190 shares on September 10, 2026, at a weighted average price of $10.798 per share.
Were QUICKLOGIC (QUIK) CTO Timothy Saxe’s trades under a Rule 10b5-1 plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan applies to the reported transactions by QUICKLOGIC senior vice president and chief technology officer Timothy Saxe.
What is the vesting schedule of the QUICKLOGIC restricted stock units involved?
The restricted stock units reported by QUICKLOGIC senior vice president and chief technology officer Timothy Saxe vest 50% one year after issuance and the remaining 50% two years after issuance, subject to continued employment of the grantee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
