Form 4: QuickLogic Corp Executive Sells 10,000 Shares Under 10b5-1 Plan

A QuickLogic Corp executive, Timothy Saxe, sold 10,000 shares of common stock at an average price of $6.9463, as part of a pre-arranged trading plan.

Summary

• Timothy Saxe, a Senior VP and CTO at QuickLogic Corp, sold 10,000 shares of common stock on November 18, 2024.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 21, 2023.
• The shares were sold at a weighted average price of $6.9463, with individual transaction prices ranging from $6.84 to $7.06.
• Following the transaction, Saxe beneficially owns 108,004 shares of QuickLogic Corp stock, which includes 1,078 ESPP shares purchased on November 14, 2024.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among corporate executives to manage their stock sales.
• The reported price range and average price are within the typical fluctuations seen in the market for a company like QuickLogic Corp.
• Similar filings are regularly made by executives at comparable technology companies.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

insider trading, stock sale, Rule 10b5-1, QuickLogic Corp, executive, equity securities, common stock