Hawkins Jeffrey Alan 4
Research Summary
AI-generated summary
Quantum-Si (QSI) CEO Jeffrey A. Hawkins Sells Shares
What Happened
Jeffrey Alan Hawkins, President & CEO and a director of Quantum-Si Inc. (QSI), reported two open-market sales that were sell-to-cover transactions tied to vested restricted stock units. On 2026-03-20 he sold 11,628 shares at a weighted average price of $0.85 for proceeds of $9,864; on 2026-03-23 he sold 12,149 shares at a weighted average price of $0.83 for proceeds of $10,042. Total shares sold were 23,777 for combined proceeds of approximately $19,906. These sales were reported on a Form 4 filed 2026-03-24.
Key Details
- Insider: Jeffrey Alan Hawkins — President & CEO; Director.
- Transactions: sales (code S) on 2026-03-20 and 2026-03-23.
- Share counts & reported values:
- 2026-03-20: 11,628 shares @ $0.85 (reported proceeds $9,864).
- 2026-03-23: 12,149 shares @ $0.83 (reported proceeds $10,042).
- Combined: 23,777 shares for ~ $19,906.
- Footnotes: F1 — these were mandatory sell-to-cover sales to satisfy federal, state and local tax withholding on RSU vesting (the insider cannot alter this provision). F2/F3 — the listed prices are weighted averages; the actual per-share sale prices ranged roughly $0.7973–$0.8718 across the transactions (full breakdown available from the SEC or issuer on request).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Filing: Form 4 filed 2026-03-24 (no late filing flag indicated in the information provided).
Context
Sell-to-cover transactions are a common, routine mechanism to satisfy tax withholding when restricted stock units vest and do not necessarily indicate a CEO selling for investment reasons. For retail investors, outright purchases by insiders often carry clearer informational weight than routine tax-withholding sales. This report documents a tax-driven disposition rather than a discretionary open-market sale intended to raise cash.