QuickLogic (QUIK) Director Ron Shelton Converts 5,246 RSUs

What Happened

• Ron Shelton, a director of QuickLogic Corp (QUIK), reported a derivative conversion (Form 4 code M) on 2026-09-02. The filing shows 5,246 shares were acquired through exercise/conversion at $0.00 and 5,246 shares were concurrently disposed at $0.00, resulting in a net zero change in holdings and no cash consideration reported.

Key Details

• Transaction date: 2026-09-02; filing date: 2026-09-04.
• Transaction code: M = exercise or conversion of a derivative security.
• Shares acquired: 5,246 @ $0.00; shares disposed: 5,246 @ $0.00; reported total value: $0.
• Net change to Shelton’s holdings from these entries: 0 shares.
• Footnote F1: "Restricted Stock Unit shares vest in full 1 year from the grant date" — the filing indicates these were RSU-related conversions.
• Filing does not specify post-transaction share total in the provided summary.

Context

• Derivative conversion entries like this commonly reflect RSUs vesting and being settled into common shares; identical acquired and disposed counts often indicate shares were immediately transferred (for example, to cover taxes or similar obligations), though the filing itself does not specify the destination.
• This was not an open-market buy or sell; it’s a vesting/settlement event rather than a directional trade signaling intent to buy or divest stock.