Faith Brian C 4

4 · QUICKLOGIC Corp · Filed May 21, 2026

AI-generated summary of this filing

Updated May 21, 2026

QuickLogic (QUIK) CEO Brian Faith Exercises Options, Sells Shares

What Happened

Brian C. Faith, President & CEO and a director of QuickLogic Corp (QUIK), exercised 41,480 stock options and immediately sold the same 41,480 shares on May 20, 2026. The exercise involved an aggregate outlay of $500,000 (exercise price $12.05 per share) and the open-market sale generated approximately $848,092 (weighted average sale price $20.45).

Key Details

Transaction date: 2026-05-20; Form filed: 2026-05-21 (filed promptly).
Exercise: 41,480 shares via option exercise at $12.05 per share (total $500,000).
Sale: 41,480 shares sold in multiple trades at a weighted average price of $20.45 (range $20.11–$20.61), total proceeds ≈ $848,092.
Footnotes: Sale executed as a cashless exercise to cover the exercise price and withholding tax (F1). The reported sale price is a weighted average; detailed per-trade prices are available on request (F2). The option was fully vested (granted 9/8/2016, fully vested by 9/8/2020) and would have expired 9/7/2026 (F3).
Shares owned after transaction: Not specified in the provided filing excerpt.

Context

This was an option exercise immediately followed by an open-market sale (a common cashless exercise), not a separate purchase signal. Cashless exercises are frequently used to satisfy exercise costs and tax withholding rather than to express a view on the company's prospects.
Filing appears timely (reported the day after the transactions).

Form 4

Period: 2026-05-20

DirectorPRESIDENT AND CEO

Transactions

Exercise/Conversion
Common Stock
2026-05-20$12.05/sh+41,480$500,000→ 269,892 total
Sale
Common Stock
[F1][F2]
2026-05-20$20.45/sh−41,480$848,092→ 228,412 total
Exercise/Conversion
Stock Option (Right to Buy)
[F3]
2026-05-20−41,480→ 0 total
Exercise: $12.05Exp: 2026-09-07→ Common Stock (41,480 underlying)

Footnotes (3)

[F1]Sale of shares to cover the exercise price and withholding tax obligations pursuant to a cashless exercise of fully vested stock options granted September 8, 2016 issued pursuant to the Company's 2019 Stock Plan. Such fully vested stock options would otherwise expire on September 7, 2026.
[F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.11 to $20.61, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
[F3]The option vested over a four-year period with 25% vesting one year from the grant date, and the remainder vesting monthly over the remaining three years. The option is fully vested and exercisable as of September 8, 2020.

Signature

/s/ Harjit Lally, Attorney-in-Fact|2026-05-21

1 file