Form 4: QuickLogic Corp Director Gary H Tauss Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Gary H Tauss of QuickLogic Corp sold 938 shares of common stock at a weighted average price of $13.06, pursuant to a pre-arranged 10b5-1 trading plan.
Summary
- On June 3, 2024, Gary H Tauss, a director of QuickLogic Corp, sold 938 shares of common stock.
- The sale was executed under a Rule 10b5-1 trading plan adopted on March 4, 2024.
- The shares were sold at prices ranging from $13.06 to $13.11, with a weighted average price of $13.06.
- Following the transaction, Tauss directly owns 17,021 shares of QuickLogic Corp.
- The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by a company director under a pre-arranged trading plan. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 06/03/2024 | Date of transaction (stock sale) |
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