QuickLogic (QUIK) CFO Nader Elias Exercises Options

What Happened

• Nader Elias, CFO and SVP Finance of QuickLogic (QUIK), reported the exercise/conversion of a derivative security (Form 4 code M) on 2026-09-02. The filing shows 24,096 shares acquired at $0.00 and the same 24,096 shares disposed at $0.00 on the same date. The filing reports $0 consideration for both the acquisition and disposition.

Key Details

• Transaction date: 2026-09-02; Filing date: 2026-09-04 (appears timely under Form 4 rules).
• Type: Exercise or conversion of a derivative security (transaction code M).
• Shares acquired: 24,096 at $0.00; Shares disposed: 24,096 at $0.00.
• Consideration reported: $0 for both acquisition and disposition.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Includes 2,532 ESPP shares purchased in a non‑reportable transaction on May 14, 2026.
  • F2: Restricted stock units vest 50% after one year and the remaining 50% after two years, subject to continued employment.
• No 10b5‑1 plan, tax‑withholding, or sale proceeds are detailed in the provided excerpt.

Context

• Transaction code M denotes an exercise or conversion of a derivative security (e.g., options or other convertible award). When an acquisition and an equal disposal occur the same day, it often means the award was converted/exercised and the resulting shares were transferred or sold immediately; the Form 4 here does not report cash proceeds. This report is factual and does not indicate the insider’s motives.