QuickLogic CEO exercises 52,671 restricted stock units
QuickLogic’s CEO converted 52,671 restricted stock units into common shares, bringing his direct holdings to 281,083 shares.
Rhea-AI Filing Summary
QUICKLOGIC Corp (QUIK) director, president and CEO Brian C. Faith reported an exercise of 52,671 restricted stock units into the same number of common shares on September 2, 2026. Following the transaction, he directly holds 281,083 common shares and 52,670 restricted stock units. The restricted stock units vest 50% after one year and the remaining 50% after two years from issuance, subject to continued employment. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
52,671 shares exercised/converted
Exercise
2 txns
Insider
Faith Brian C
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1 | 52,671 | $0.00 | $0.00 |
| Exercise | Common Stock | 52,671 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 52,670 contracts (Direct);
Common Stock — 281,083 shares (Direct)
Footnotes (1)
- F1. 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: 52,671 units
Common shares acquired from RSU exercise: 52,671 shares
Common shares held after transaction: 281,083 shares
+3 more
6 metrics
Restricted stock units exercised
52,671 units
Exercised into common stock on September 2, 2026
Common shares acquired from RSU exercise
52,671 shares
Common stock received on exercise of restricted stock units
Common shares held after transaction
281,083 shares
Direct ownership by Brian C. Faith after September 2, 2026
Restricted stock units remaining after transaction
52,670 units
Directly owned derivative holdings following the exercise
RSU vesting schedule year 1
50%
Vests one year after date of issuance, subject to continued employment
RSU vesting schedule year 2
50%
Remaining portion vests two years after date of issuance
Key Terms
Restricted Stock Unit, derivative security, Rule 10b5-1
3 terms
Restricted Stock Unit financial
"Restricted Stock Unit vest 50% after one year"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did QUICKLOGIC Corp (QUIK) report for Brian C. Faith?
Brian C. Faith, QUICKLOGIC’s president and CEO, exercised 52,671 restricted stock units into an equal number of common shares on September 2, 2026, as an exercise or conversion of a derivative security.
What happened to the restricted stock units in the QUICKLOGIC (QUIK) Form 4?
The filing shows 52,671 restricted stock units were exercised into common shares, and 52,670 restricted stock units remain outstanding directly owned by Brian C. Faith after the transaction.
What is the vesting schedule for the QUICKLOGIC (QUIK) restricted stock units?
The restricted stock units vest 50% after one year from the date of issuance and the remaining 50% after two years from the date of issuance, subject to Brian C. Faith’s continued employment.
Were the QUICKLOGIC (QUIK) insider transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.