Form 4: QuickLogic CEO Brian C. Faith Sells Shares to Cover Taxes from Vested Stock Units

Brian C. Faith, President and CEO of QuickLogic Corp, sold 2,810 shares of common stock on April 2, 2024, to cover taxes from performance stock units that vested on March 28, 2024.

Summary

• On April 2, 2024, Brian C. Faith, the President and CEO of QuickLogic Corp, sold 2,810 shares of the company's common stock.
• The sale was executed at a weighted average price of $15.5389 per share.
• The shares were sold to cover taxes resulting from the vesting of performance stock units awarded on March 28, 2024.
• Following the transaction, Faith directly owns 192,393 shares of QuickLogic Corp.
• The shares were sold in multiple transactions at prices ranging from $15.19 to $15.55, inclusive.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context of tax obligations.

Key Dates