QuickLogic CTO sells 10K shares to pay RSU taxes
Senior VP and CTO Timothy Saxe reported tax-related sales of QUIK shares and retains over 150,000 shares afterward.
Rhea-AI Filing Summary
QUICKLOGIC Corp (QUIK) reported that Senior Vice President and CTO Timothy Saxe sold 10,364 shares of common stock on September 17, 2026 at a weighted average price of $10.2135 per share, in multiple trades between $9.73 and $10.57, to cover taxes from restricted stock units that vested on September 13, 2026. Following these tax-related sales, he directly holds 152,214 shares of QUICKLOGIC common stock, and no Rule 10b5-1 trading plan is reported.
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Insider Trade Summary
Net Seller: 10,364 shares
Net Sell
1 txn
Insider
SAXE TIMOTHY
Role
SR. VP AND CTO
Sold
10,364 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 10,364 | $10.2135 | $106K |
Holdings After Transaction:
Common Stock — 152,214 shares (Direct)
Footnotes (2)
- F1. Shares were sold to cover the taxes from restricted stock units that vested on September 13, 2026.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.73 to $10.57, 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.
Key Figures
Shares sold: 10,364 shares
Weighted average sale price: $10.2135 per share
Price range of sales: $9.73–$10.57 per share
+2 more
5 metrics
Shares sold
10,364 shares
Common Stock sale on September 17, 2026
Weighted average sale price
$10.2135 per share
Sales executed in multiple transactions between $9.73 and $10.57
Price range of sales
$9.73–$10.57 per share
Range of prices for the multiple sale transactions on September 17, 2026
Shares held after transaction
152,214 shares
Direct ownership of QUICKLOGIC common stock after the sale
Vesting date of RSUs
September 13, 2026
Restricted stock units whose tax liability the sale was used to cover
Key Terms
restricted stock units, weighted average price, non-derivative
3 terms
restricted stock units financial
"taxes from restricted stock units that vested on September 13, 2026"
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.
non-derivative financial
"transaction is classified as a sale of non-derivative securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did QUICKLOGIC Corp (QUIK) report for Timothy Saxe?
QUICKLOGIC Corp reported that Senior VP and CTO Timothy Saxe sold 10,364 shares of common stock on September 17, 2026 in a transaction classified as a sale of non-derivative securities.
What type of security did Timothy Saxe sell in the QUICKLOGIC (QUIK) Form 4?
The filing reports a sale of Common Stock, classified as a non-derivative security, with 10,364 shares sold to cover tax obligations related to vested restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.