Form 4: QuickLogic Corp Executive Timothy Saxe Sells 10,000 Shares

Timothy Saxe, SR. VP and CTO of QuickLogic Corp, sold 10,000 shares of common stock at a weighted average price of $8.4384 on August 19, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 19, 2024, Timothy Saxe, the Senior Vice President and CTO of QuickLogic Corp, sold 10,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $8.4384 per share.
• The transactions occurred at prices ranging from $8.335 to $8.74.
• Following the transaction, Saxe directly owns 104,934 shares of QuickLogic Corp.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 21, 2023.

Sentiment

Score: 5

Explanation: The document reports an insider sale, which is neutral in itself. The sale was conducted under a pre-arranged 10b5-1 trading plan, reducing the likelihood of it being driven by negative sentiment about the company's future prospects.

Industry Context

Insider sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects; however, sales under 10b5-1 plans are less likely to be indicative of management's view of the company's prospects, as these plans are pre-arranged.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates