Faith Brian C 4

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).