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

Timothy Saxe, SR. VP and CTO of QuickLogic Corp, sold 10,270 shares of common stock at an average price of $7.0842 on February 24, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 24, 2025, Timothy Saxe, the SR. VP and CTO of QuickLogic Corp, sold 10,270 shares of the company's common stock.
• The sale was executed at a weighted average price of $7.0842 per share.
• The transactions occurred within a price range of $6.985 to $7.38.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on November 21, 2023.
• Following the transaction, Timothy Saxe directly owns 107,339 shares of QuickLogic Corp.
• The reporting person has agreed to provide full information regarding the number of shares sold at each separate price within the specified range upon request.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of an insider transaction. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sale is unusually large or coincides with other significant news.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates