Form 4: QuickLogic Director Gary Tauss Sells Shares Under 10b5-1 Trading Plan

Director Gary Tauss of QuickLogic Corp. sold 611 shares of common stock at an average price of $8.2701 on September 3, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 3, 2024, Gary Tauss, a director of QuickLogic Corp., sold 611 shares of common stock.
• The sale was executed at a weighted average price of $8.2701 per share.
• The transactions occurred under a Rule 10b5-1 trading plan adopted by Tauss on March 4, 2024.
• Following the transaction, Tauss directly owns 20,581 shares of QuickLogic Corp.
• The shares were sold in multiple transactions at prices ranging from $8.27 to $8.31.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a sale of shares under a pre-arranged trading plan, which is a common and legal practice.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of overall market conditions and company performance. The use of a 10b5-1 trading plan suggests the insider's sales are pre-planned and not based on current, non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates