QuickLogic CEO Brian C. Faith Receives 52,671 Shares (RSU Vesting)

What Happened

• Brian C. Faith, President, CEO, and Director of QuickLogic Corp (QUIK), had 52,671 derivative units converted into 52,671 common shares on 2026-09-02 (transaction code M). The conversion price was $0.00, so no cash was paid or received. The filing shows a corresponding "disposed" derivative entry reflecting the removal of the derivative security—this is a conversion/vesting event, not an open-market sale.

Key Details

• Transaction date: 2026-09-02; Form 4 filed: 2026-09-04 (timely filing).
• Shares converted/acquired: 52,671; conversion price: $0.00; total cash value reported: $0.
• Shares owned after transaction: Not specified in this Form 4 (beneficial ownership after the conversion not reported).
• Footnote: These were restricted stock units (RSUs). Per the filing, RSUs vest 50% after one year and the remaining 50% after two years from the grant date, subject to continued employment.
• Transaction code: M = exercise or conversion of a derivative security. The "disposed" derivative entry reflects the derivative being converted into underlying shares, not a sale of the resulting shares.

Context

• This appears to be routine compensation-related vesting (RSU conversion), which is different from a purchase or sale in the open market. No immediate sale of the resulting shares is indicated in this filing. Such vesting events are common and do not by themselves signal the insider’s market view.