QUIK Insider Sale: CFO Disposes 7,325 Shares at $5.80 Avg
Rhea-AI Filing Summary
Nader Elias, Chief Financial Officer of QuickLogic Corp (QUIK), reported a sale of 7,325 shares of common stock on 09/19/2025 to cover taxes resulting from restricted stock units that vested on 09/13/2025. The weighted-average sale price was $5.8031, with individual trade prices ranging from $5.6314 to $5.8082. After the reported disposition, the reporting person beneficially owned 82,006 shares.
The Form 4 discloses the tax-cover nature of the sale and provides a price range and weighted average, indicating the transactions were standard clearance sales associated with RSU vesting rather than open-market purchases or strategic disposals.
Positive
- Clear disclosure that the sale was to cover taxes from vested RSUs, reducing ambiguity about insider intent
- Detailed pricing provided (weighted-average plus price range), allowing precise record of the transaction
Negative
- None.
Insights
TL;DR: Routine tax-cover sale by a named officer; limited investor impact.
The reported sale of 7,325 shares at a weighted-average price of $5.8031 corresponds to shares sold to satisfy tax withholding on vested RSUs. This is a common post-vesting action that typically does not signal a change in insider conviction. The remaining beneficial ownership of 82,006 shares should be viewed in the context of total outstanding shares (not provided here); absent evidence of larger patterned selling, the event is informational rather than material.
TL;DR: Disclosure is complete and follows Section 16 norms; no governance red flags apparent.
The Form 4 clearly states the transaction code, number of shares sold, weighted-average price, and that the sale was to cover taxes on vested RSUs, which supports compliance with insider reporting obligations. The filing was executed via attorney-in-fact, which is standard practice. No indications of undisclosed tied-party transactions or unusual derivative activity are present in the submitted sections.