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 $11.764 on May 20, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 20, 2024, Timothy Saxe, the SR. VP 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 $11.764 per share.
• The transactions occurred under a pre-arranged Rule 10b5-1 trading plan adopted on November 21, 2023.
• Following the reported transaction, Saxe still beneficially owns 114,934 shares of QuickLogic Corp.
• This total includes 798 ESPP shares purchased on May 14, 2024, in a non-reportable transaction.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the sale was conducted under a pre-existing trading plan, suggesting it was part of a planned strategy rather than a reaction to new information.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. However, large or frequent sales can sometimes be viewed negatively by investors.

Stakeholder Impact

• The sale could have a minor negative impact on shareholder sentiment if viewed as a lack of confidence by the executive, although the pre-arranged trading plan mitigates this concern.

Key Dates