Form 4: QuickLogic CFO Elias Nader Sells Shares to Cover Taxes from Vested Stock Units

Elias Nader, CFO and SVP of Finance at QuickLogic Corp, sold 11,657 shares of common stock on August 29, 2024, to cover taxes from vested restricted stock units.

Summary

• On August 29, 2024, Elias Nader, the CFO and SVP of Finance at QuickLogic Corp, sold 11,657 shares of the company's common stock.
• The sale was executed to cover tax obligations arising from the vesting of restricted stock units on August 24 and 26, 2024.
• The shares were sold at a weighted average price of $8.1019, with individual transactions ranging from $7.925 to $8.215.
• Following the transaction, Nader directly owns 57,198 shares of QuickLogic Corp.
• The sale was conducted under Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Stakeholder Impact

• The sale could have a minor impact on shareholders due to the increased supply of shares, but it's unlikely to be significant given the relatively small volume.

Key Dates