QuickLogic CEO Brian C. Faith Sells 25,292 Shares

What Happened Brian C. Faith, President, CEO and director of QuickLogic Corp (QUIK), sold 25,292 shares in an open-market transaction on Sept. 10, 2026 for a weighted average price of $10.80, netting approximately $273,103. The Form 4 also shows conversion/exercise of 32,529 derivative shares on Sept. 13, 2026 (acquired at $0.00) and a corresponding disposition of 32,529 derivative shares the same day (reported at $0.00).

Key Details

• Transactions: Sale of 25,292 shares on 2026-09-10 (weighted avg price $10.80; total ~$273,103). Exercise/conversion and immediate disposition of 32,529 derivative shares on 2026-09-13 (reported price $0.00).
• Price range: The sale on 9/10 was executed in multiple trades at prices between $10.485 and $11.212 (weighted average shown).
• Footnotes: The filing states the 9/10 shares were sold to cover taxes from restricted stock units that vested on Sept. 2, 2026. RSUs vest 50% after one year and the remaining 50% after two years from issuance (per filing).
• Shares owned after the transactions: not specified in the information provided.
• Filing date: Form 4 filed 2026-09-14 covering transactions through 2026-09-13. The report does not indicate a late-filing flag.

Context

• The conversion/exercise entries at $0.00 are derivative-related (e.g., conversion of restricted stock units or zero-cost awards) and the filing shows immediate disposition of those converted shares. The sale on 9/10 is described in the filing as tax-withholding related (routine), which is a common, non-investment-driven reason insiders sell shares.