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

QuickLogic Corp director Gary H Tauss sold 1,118 shares of common stock at $8.03 per share on December 3, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Gary H Tauss, a director at QuickLogic Corp, sold 1,118 shares of common stock on December 3, 2024.
• The sale was executed at a price of $8.03 per share.
• The transaction was conducted under a pre-established Rule 10b5-1 trading plan adopted on March 4, 2024.
• Following the transaction, Mr. Tauss beneficially owns 19,463 shares of QuickLogic common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a pre-planned stock sale by a director. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives and directors to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US.
• The use of 10b5-1 trading plans is a common method for corporate insiders to sell shares while avoiding accusations of insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of the company.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the small volume and pre-planned nature of the transaction.

Key Dates

Keywords

Form 4, insider trading, stock sale, QuickLogic, Rule 10b5-1, Gary H Tauss, equity securities