Form 4: QuickLogic Director Michael J. Farese Reports Stock Transactions
SEC Form 4
Director Michael J. Farese reported the vesting of restricted stock units and subsequent disposal of shares on August 24, 2024.
Summary
- On August 24, 2024, Michael J. Farese, a director of QuickLogic Corp, reported transactions involving the company's common stock.
- Farese acquired 7,030 shares of common stock through the vesting of restricted stock units (RSUs).
- Simultaneously, Farese disposed of 7,030 shares of common stock.
- The price for both the acquisition and disposal was $0.
- Following these transactions, Farese directly owns 37,240 shares of QuickLogic Corp.
- The restricted stock units vest in full one year from the grant date.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by a company director.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and regulated by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disclosure of stock transactions by a company insider.
Key Dates
| Date | Description |
|---|---|
| 08/24/2024 | Date of transaction: vesting of Restricted Stock Units and disposal of shares. |
| 08/26/2024 | Date of signature by Attorney-in-Fact. |
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