Form 4: QuickLogic Corp CEO Brian C. Faith Acquires Shares Through Restricted Stock Unit Grant

Brian C. Faith, President and CEO of QuickLogic Corp, reports acquiring 7,624 shares of common stock through a grant of restricted stock units on March 28, 2024.

Summary

• Brian C. Faith, the President and CEO of QuickLogic Corp, filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on March 28, 2024.
• Faith acquired 7,624 shares of QuickLogic Corp common stock.
• This acquisition was through a grant of restricted stock units (RSUs) that vested 100% upon the grant date.
• Following the transaction, Faith directly owns 195,203 shares of QuickLogic Corp.
• The price per share for the acquisition is listed as $0, indicating it was a grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by an executive. While insider buying can be seen as positive, a grant of RSUs is part of compensation and doesn't necessarily indicate strong bullish sentiment.

Positives

• The CEO's acquisition of shares, even through a grant, can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it reflects continued investment in the company by its CEO.

Key Dates