Form 4: QuickLogic CFO Elias Nader Sells Shares to Cover Taxes from Vested Performance Stock Units
SEC Form 4 Filing
Elias Nader, CFO and SVP of Finance at QuickLogic Corp, sold 2,474 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, Elias Nader, the CFO and SVP of Finance at QuickLogic Corp, sold 2,474 shares of the company's common stock.
- The sale was executed to cover taxes resulting from the vesting of performance stock units awarded on March 28, 2024.
- The shares were sold at a weighted average price of $15.5412, with individual transactions ranging from $15.266 to $15.55.
- Following the transaction, Nader directly owns 44,207 shares of QuickLogic Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used by the SEC to ensure compliance with regulations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Performance stock units were awarded and vested. |
| 04/02/2024 | Elias Nader sold 2,474 shares of QuickLogic Corp common stock. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
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