Form 4: QuickLogic CFO Elias Nader Sells Shares to Cover Taxes After Stock Units Vest
SEC Form 4 Filing
Elias Nader, CFO and SVP of Finance at QuickLogic Corp, sold 1,878 shares of common stock on August 14, 2024, to cover taxes from restricted stock units that vested.
Summary
- On August 14, 2024, Elias Nader, the CFO and SVP of Finance at QuickLogic Corp, sold 1,878 shares of the company's common stock.
- The sale was executed to cover taxes resulting from the vesting of restricted stock units on August 10, 2024.
- The shares were sold at a weighted average price of $8.052, with individual transactions ranging from $8.01 to $8.3067.
- Following the transaction, Nader directly owns 48,803 shares of QuickLogic Corp.
- The sale was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale to cover taxes, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares could have a minor, temporary impact on the stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Restricted stock units vested. |
| 08/14/2024 | Elias Nader sold 1,878 shares of QuickLogic Corp. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
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