Nader Elias 4

What Happened

• Nader Elias, CFO and SVP Finance of QuickLogic (QUIK), reported a derivative exercise/conversion on Feb 10, 2026. The Form 4 shows 4,673 shares acquired and the same 4,673 shares disposed, both at $0.00 per share (total reported value $0).
• The matching acquisition and disposition mean there was no net increase in his reported share holdings from this transaction. The $0.00 price and filing footnotes indicate these shares are related to restricted stock unit (RSU) conversions/awards rather than a cash purchase.

Key Details

• Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (timely filing).
• Amounts: 4,673 shares acquired (code M) @ $0.00; 4,673 shares disposed (derivative) @ $0.00. Reported monetary value: $0.
• Net effect: zero change in holdings (4,673 in, 4,673 out).
• Footnotes: F1 notes 224 ESPP shares bought Nov 14, 2025 (non‑reportable transaction); F2 clarifies each RSU converts to one common share; F3 outlines RSU vesting (25% at one year, then one‑eighth every six months thereafter, subject to continued employment).
• No 10b5-1 plan, gift, or tax‑withholding method is disclosed in this filing.

Context

• The filing records both an exercise/conversion (M) and an immediate disposition of the same shares on the same day, which commonly reflects settlement/transfer mechanics (for example, conversion of RSUs and subsequent transfer or sell-to-cover), but the filing itself does not state the reason.
• Because this was not a cash purchase by the insider and there was no net increase in holdings, the transaction is informational about compensation settlement rather than a personal market bet.