Quantum-Si Inc·4

Jun 24, 8:12 PM ET

Hawkins Jeffrey Alan 4

Research Summary

AI-generated summary

Updated

Quantum-Si (QSI) CEO Jeffrey Hawkins Sells 22,621 Shares

What Happened

  • Jeffrey Alan Hawkins, President & CEO and a director of Quantum-Si Inc. (QSI), sold a total of 22,621 shares in two transactions as reported for the period ending 2026-06-22. The filings show 11,310 shares sold on 2026-06-22 at a weighted average price of $0.96 (proceeds ≈ $10,828) and 11,311 shares sold on 2026-06-23 at a weighted average price of $0.90 (proceeds ≈ $10,169). Total proceeds across both sales were about $20,997. These were sales (not purchases) and were executed as routine sell-to-cover transactions tied to the vesting of previously granted restricted stock units.

Key Details

  • Transaction dates and prices:
    • 2026-06-22: 11,310 shares sold; weighted avg price $0.96; filing notes per-share sales ranged $0.9212–$1.005 (Footnote F2).
    • 2026-06-23: 11,311 shares sold; weighted avg price $0.90; filing notes per-share sales ranged $0.88–$0.9291 (Footnote F3).
  • Total shares sold: 22,621; total proceeds ≈ $20,997.
  • Reason: Footnote F1 states these sales were mandatory “sell-to-cover” transactions to satisfy federal, state and local tax withholding on RSU vesting; the insider cannot alter this sell-to-cover provision.
  • Shares owned after the transactions: Not specified in the provided filing.
  • Timeliness: Report filed 2026-06-24 for a reportable period of 2026-06-22 — filed within the standard Section 16 reporting window (timely).

Context

  • These sales were tax-withholding (sell-to-cover) related to RSU vesting, a common administrative transaction that does not necessarily indicate the insider’s view on the company’s stock. For retail investors, purchases generally carry more weight as a signal than routine sell-to-cover disposals.