QuickLogic (QUIK) Director Gary H. Tauss Sells 1,500 Shares
$QUIK · QUICKLOGIC CorpResearch Summary
AI-generated summary of this SEC filing
QuickLogic (QUIK) Director Gary H. Tauss Sells 1,500 Shares
What Happened
Gary H. Tauss, a director of QuickLogic Corp (QUIK), disposed of 1,500 shares on September 15, 2026. The shares were sold at $10.44 each, for gross proceeds of $15,660. This was a sale (not a purchase) and the filing notes the trades were made pursuant to a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-09-15 (reported on Form 4 filed 2026-09-16). Filing appears timely under Form 4 rules.
- Transaction type/code: Sale (S) — reported as open market or private sale.
- Price and value: 1,500 shares × $10.44 = $15,660.
- Footnote: Sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted June 1, 2026.
- Shares owned after transaction: Not disclosed in the provided Form 4 information.
Context
Sales executed under a 10b5-1 plan are pre-authorized and typically represent scheduled, pre-planned trading rather than opportunistic trades based on new company information. The dollar amount here ($15.7k) is relatively small, so this single sale is unlikely by itself to signal a material change in insider sentiment. As always, retail investors should consider broader insider activity and company fundamentals rather than a single transaction.