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

Timothy Saxe, SR. VP AND CTO of QuickLogic Corp, sold shares of common stock on March 21, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 21, 2024, Timothy Saxe, the SR. VP AND CTO of QuickLogic Corp, sold 9,600 shares of common stock at a weighted average price of $16.2799.
• He also sold 400 shares of common stock at $17.58.
• These sales were executed under a Rule 10b5-1 trading plan adopted on November 21, 2023.
• Following these transactions, Saxe directly owns 120,755 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 ranges upon request.

Sentiment

Score: 5

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

Positives

• The sales were executed under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.

Risks

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by investors.

Industry Context

Insider trading activity is closely monitored in the semiconductor industry, and Form 4 filings provide transparency into these transactions.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates