QuickLogic Director Michael J. Farese Exercises/Converts 12,904 Shares

What Happened
Michael J. Farese, a director of QuickLogic Corp (QUIK), reported a conversion/exercise of derivative securities on 2026-09-02. The Form 4 shows 12,904 shares acquired and the same 12,904 shares disposed, each at $0.00 (total reported value $0). The filing lists transaction code M (exercise or conversion of a derivative).

Key Details

• Transaction date: 2026-09-02; Form filed: 2026-09-04 (appears timely).
• Reported amounts: 12,904 shares acquired @ $0.00 and 12,904 shares disposed @ $0.00. Reported cash value = $0.
• Shares owned after the transaction: not disclosed on this Form 4.
• Footnote F1: these are Restricted Stock Unit (RSU) shares that "vest in full 1 year from the grant date."
• Transaction code: M = exercise or conversion of derivative instrument.

Context
This filing reflects a derivative conversion/exercise event rather than a straightforward open-market buy or sell. Because the filing shows both acquisition and disposition at $0.00 and references RSUs, it likely relates to conversion/vesting mechanics of equity awards (not an outright purchase or cash sale). Such conversions are administrative and do not necessarily signal a change in the insider’s market view.