Form 4: Pixelworks Director John Y. Liu Reports Stock Transactions

Director John Y. Liu reported the acquisition and disposal of Pixelworks, Inc. common stock and holds non-qualified stock options.

Summary

• On May 13, 2024, John Y. Liu, a director of Pixelworks, Inc., reported acquiring 53,543 shares of common stock.
• On the same day, Liu disposed of 104,502 shares of common stock.
• Following these transactions, Liu directly owns 52,745 non-qualified stock options with an exercise price of $1.86, which vest over time and expire on September 9, 2028.
• The stock options relate to 52,745 shares of common stock.
• The restricted stock units will vest in full on the first to occur of (1) the day before the next annual meeting of the registrant's shareholders that follows the grant date or (2) the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company director, indicating a neutral sentiment.

Future Outlook

The restricted stock units will vest in full on the first to occur of (1) the day before the next annual meeting of the registrant's shareholders that follows the grant date or (2) the first anniversary of the grant date. The restricted stock units will be paid upon vesting, subject to any election by the reporting person to defer payment of the units to a later date.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the technology industry.

Key Dates