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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,325 | $5.8031 | $43K |
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 $5.6314 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.