Form 4: QuickLogic Corp Executive Sells Shares to Cover Taxes

Timothy Saxe, SR. VP AND CTO of QuickLogic Corp, sold 16,641 shares of common stock on August 29, 2024, to cover taxes from vested restricted stock units.

Summary

• On August 29, 2024, Timothy Saxe, the SR. VP AND CTO of QuickLogic Corp, sold 16,641 shares of the company's common stock.
• The shares were sold at a weighted average price of $8.1019.
• The sale was executed to cover taxes resulting from the vesting of restricted stock units on August 24 and August 26, 2024.
• Following the transaction, Timothy Saxe directly owns 116,926 shares of QuickLogic Corp.
• The shares were sold in multiple transactions at prices ranging from $7.925 to $8.215, inclusive.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment regarding the company's prospects.

Industry Context

Executive stock sales are a common occurrence and can be for various reasons, including diversification, tax obligations, or personal financial planning. It's important to consider the context of the sale and whether it aligns with the executive's past trading patterns and the company's overall performance.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the context.

Key Dates