QuickLogic CEO Sells Shares to Cover RSU Taxes; Ownership 228,412
Rhea-AI Filing Summary
Brian C. Faith, who serves as President, CEO and a director of QuickLogic Corp (ticker: QUIK), reported a sale of 14,956 shares of common stock on 09/19/2025 at a weighted-average price of $5.8026. The sale reduced her beneficial ownership to 228,412 shares and was executed to cover taxes arising from restricted stock units that vested on September 13, 2025. The filing states the shares were sold in multiple transactions at prices ranging from $5.6116 to $5.8082 and that detailed per-trade breakdowns are available on request. The Form 4 was signed by an attorney-in-fact on 09/22/2025.
Positive
- Compliance and transparency: Sale was disclosed on Form 4 with weighted-average price and price range, and reporting person offers full per-trade details on request.
- Routine compensation event: The sale was explicitly to cover taxes from vested restricted stock units, indicating a non-speculative reason for the disposition.
Negative
- Reduction in insider holdings: Beneficial ownership decreased by 14,956 shares to 228,412 shares following the sale.
Insights
TL;DR: Insider sold vested shares to satisfy tax obligations; transaction appears routine and consistent with compensation vesting.
The reporting person is the company President and CEO and reported the disposition of 14,956 common shares following the vesting of restricted stock units. The filing explicitly states the sale was to cover taxes from the RSU vesting on September 13, 2025. The weighted-average sale price and disclosed price range provide transparency on execution prices. There is no indication of additional sales, change in role, or non-routine disclosure in this Form 4.
TL;DR: Transaction is a taxable-event driven sale by an insider; it modestly reduces reported insider holdings but shows compliance with disclosure rules.
The sale reduced beneficial ownership to 228,412 shares. The form details a weighted-average price of $5.8026 and a per-share price range of $5.6116 to $5.8082, indicating sales across multiple trades. The reporting person offers to provide the exact share counts per price on request, which supports transparency. No derivative transactions or additional material events are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,956 | $5.8026 | $87K |
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 $5.6116 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.
FAQ
What did QuickLogic (QUIK) insider Brian C. Faith sell?
Was the Form 4 signed and when?