QuickLogic (QUIK) CTO Timothy Saxe Exercises 30,121 Options

What Happened

• Timothy Saxe, Senior Vice President and Chief Technology Officer of QuickLogic (QUIK), reported the exercise/conversion of derivative securities for 30,121 shares on 2026-09-02. The Form 4 shows an acquisition of 30,121 shares with a reported price/value of $0 and a corresponding derivative disposition of 30,121 shares (transaction code M: option exercise/conversion). No cash amount is reported on the form.

Key Details

• Transaction date: September 2, 2026; Form filed: September 4, 2026 (reported two days after the transaction).
• Reported amounts/prices: 30,121 shares acquired (exercise/conversion) at $0; 30,121 derivative shares disposed at $0.
• Shares owned after the transaction: not specified in the filing.
• Footnotes in the filing:
  • F1: Includes prior ESPP purchases — 1,473 shares (Nov 14, 2025) and 1,656 shares (May 14, 2026).
  • F2: Restricted stock units referenced vest 50% after one year and 50% after two years from issuance, subject to continued employment.
• Filing timeliness: filing date is 2026-09-04 for a 2026-09-02 transaction (appears timely; no late filing flag reported).

Context

• The Form 4 records an option exercise/conversion (code M). The separate acquisition and derivative-disposition lines are technical entries commonly used when derivative instruments are converted to shares. The filing reports $0 cash exchanged for these lines (no purchase price or sale proceeds shown). This report is informational about insider transactions and does not, by itself, indicate the insider’s market view.