QuickLogic CFO converts 24,096 RSUs to shares
QuickLogic’s CFO converted 24,096 RSUs into common shares, resulting in direct holdings of 94,407 shares after the September 2, 2026 transaction.
Rhea-AI Filing Summary
QUICKLOGIC Corp (QUIK) reported that its Chief Financial Officer and Senior Vice President of Finance, Nader Elias, exercised 24,096 restricted stock units into an equal number of shares of common stock on September 2, 2026. This was an RSU vesting-related conversion at a stated price of $0.00 per share, not an open-market trade, and no Rule 10b5-1 plan is reported. Following the transaction, he directly holds 94,407 shares of common stock, which include 2,532 shares acquired through the Employee Stock Purchase Plan. The restricted stock units vest 50% after one year from issuance and 50% after two years, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,096 shares exercised/converted
Exercise
2 txns
Insider
Nader Elias
Role
CFO, SVP FINANCE
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F2 | 24,096 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 24,096 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 24,095 contracts (Direct);
Common Stock — 94,407 shares (Direct)
Footnotes (2)
- F1. Includes 2,532 ESPP shares purchased in a non-reportable transaction on May 14, 2026.
- F2. 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
RSUs exercised: 24,096 restricted stock units
Common shares held after transaction: 94,407 shares
ESPP shares included in holdings: 2,532 shares
+3 more
6 metrics
RSUs exercised
24,096 restricted stock units
Converted into common stock on September 2, 2026
Common shares held after transaction
94,407 shares
Direct holdings of CFO Nader Elias following September 2, 2026 transaction
ESPP shares included in holdings
2,532 shares
Employee Stock Purchase Plan shares purchased May 14, 2026 and included in post-transaction total
RSU vesting schedule year 1
50%
Restricted stock units vest 50% after one year from date of issuance
RSU vesting schedule year 2
50%
Remaining 50% vests after two years from date of issuance, subject to continued employment
Exercise price per share
$0.00 per share
Stated for the September 2, 2026 RSU conversion into common stock
Key Terms
Restricted stock units, derivative security, Employee Stock Purchase Plan
3 terms
Restricted stock units financial
"Restricted stock units vest 50% after one year after date of issuance"
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.
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.
Employee Stock Purchase Plan financial
"Includes 2,532 ESPP shares purchased in a non-reportable transaction"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What transaction did QUICKLOGIC Corp (QUIK) disclose for CFO Nader Elias on this Form 4?
The filing reports that CFO Nader Elias exercised 24,096 restricted stock units into an equal number of shares of QUICKLOGIC Corp common stock on September 2, 2026 as a derivative exercise/conversion, rather than an open-market purchase or sale.
Were the QUICKLOGIC Corp (QUIK) RSUs exercised under a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 checkbox is reported as false, and there is no footnote indicating that the September 2, 2026 RSU conversion was made under any Rule 10b5-1 or other pre-arranged trading plan.
What are the vesting terms of the QUICKLOGIC Corp (QUIK) restricted stock units held by the CFO?
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, and vesting is subject to continued employment of the grantee.
Does this QUICKLOGIC Corp (QUIK) Form 4 show a net insider buy or sell by the CFO?
No. The transaction reflects a derivative exercise/conversion of 24,096 restricted stock units into 24,096 common shares, with no reported open-market buying or selling. The transaction summary shows net buy/sell shares of 0 and a neutral net buy/sell direction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
