Form 4: QuickLogic Director Radhika Krishnan Reports Changes in Beneficial Ownership Following Resignation
SEC Form 4 Filing
Radhika Krishnan, a director at QuickLogic Corp, reported changes in beneficial ownership due to the accelerated vesting of Restricted Stock Units (RSUs) following her resignation from the board.
Summary
- Radhika Krishnan, a director at QuickLogic Corp, filed a Form 4 on April 02, 2024, reporting changes in beneficial ownership of the company's stock.
- The changes are due to the accelerated vesting of 2,858 Restricted Stock Units (RSUs) on March 31, 2024, following her resignation from the QuickLogic Board of Directors.
- These RSUs were initially granted on August 24, 2023.
- After the transaction, Krishnan directly owns 9,900 shares of QuickLogic common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a director's resignation and subsequent stock vesting, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider. Director resignations and subsequent vesting of equity are common events.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Radhika Krishnan | 03/31/2024 | Resignation from the Quicklogic Board of Directors |
Stakeholder Impact
- Shareholders may be interested in changes to the board of directors and insider ownership.
- The resignation of a director could lead to changes in company strategy or operations.
Key Dates
| Date | Description |
|---|---|
| 08/24/2023 | Date of initial grant of Restricted Stock Units (RSUs) |
| 03/31/2024 | Date of transaction (accelerated vesting of RSUs) and resignation from the Quicklogic Board of Directors |
| 04/02/2024 | Date Form 4 was filed |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.