Form 4: QuickLogic Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Timothy Saxe, SR. VP and CTO of QuickLogic Corp, sold 1,974 shares of common stock on April 2, 2024, to cover taxes from vested performance stock units.
Summary
- On April 2, 2024, Timothy Saxe, SR. VP and CTO of QuickLogic Corp, sold 1,974 shares of common stock.
- The sale was executed to cover tax obligations arising from the vesting of performance stock units awarded on March 28, 2024.
- The shares were sold at a weighted average price of $15.5429, with individual transactions ranging from $15.32 to $15.55.
- Following the transaction, Saxe directly owns 124,136 shares of QuickLogic Corp.
- The reporting person will provide full information regarding the number of shares sold at each separate price within the specified ranges upon request.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Performance stock units were awarded and vested. |
| 04/02/2024 | Date of the stock sale transaction. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.