Form 4: QUICKLOGIC CEO Converts RSUs to Common Stock

QUICKLOGIC Corp's President and CEO, Brian C. Faith, converted 32,530 Restricted Stock Units into common stock, increasing his direct ownership.

Summary

• Brian C. Faith, President and CEO of QUICKLOGIC Corp (QUIK), converted 32,530 Restricted Stock Units (RSUs) into an equal number of common stock shares on September 13, 2025.
• This transaction resulted in Mr. Faith directly owning 243,368 shares of QUICKLOGIC Corp common stock.
• Following this conversion, Mr. Faith retains 32,529 Restricted Stock Units.
• The converted RSUs had an exercise price of $0, which is typical for such equity awards.

Sentiment

Score: 7

Explanation: The conversion of Restricted Stock Units into common stock by the President and CEO is a routine compensation event that increases direct insider ownership, which can be viewed as a positive signal of alignment with shareholder interests.

Positives

• The conversion of Restricted Stock Units into common stock by the President and CEO increases his direct ownership in the company, aligning his interests more closely with shareholders.
• This transaction represents a routine vesting and conversion of equity compensation, indicating the executive is fulfilling terms of their compensation plan.

Future Outlook

The remaining 32,529 Restricted Stock Units held by Brian C. Faith are subject to a vesting schedule, with 50% vesting one year after the date of issuance and the remaining 50% two years from the date of issuance, contingent on his continued employment.

Industry Context

This transaction is a standard insider compensation event, common across publicly traded companies where executives receive equity awards as part of their remuneration. It reflects the vesting and exercise of previously granted Restricted Stock Units, rather than a discretionary open market purchase or sale.

Stakeholder Impact

• Shareholders: Increased direct ownership by the CEO may be viewed positively, signaling confidence and alignment of interests.
• Employees: The vesting and conversion of RSUs demonstrate the company's commitment to its equity compensation plans for executives.

Next Steps

• Continued vesting of the remaining 32,529 Restricted Stock Units held by Brian C. Faith, subject to his continued employment.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the conversion of Restricted Stock Units into common stock by the CEO. While it increases direct insider ownership, which is generally a positive signal, it does not provide new fundamental information about the company's financial performance, strategic direction, or market position that would warrant a change in investment recommendation. Investors should consider this as a standard compensation event.

Keywords

QUICKLOGIC, QUIK, Form 4, Insider Transaction, RSU Conversion, Brian C. Faith, CEO, Common Stock, Equity Compensation