Brian C. Faith - Aug 26, 2024 Form 4 Insider Report for QUICKLOGIC Corp (QUIK)

Signature
/s/ Harjit Lally, Attorney-in-Fact
Stock symbol
QUIK
Transactions as of
Aug 26, 2024
Transactions value $
-$246,121
Form type
4
Date filed
8/27/2024, 07:01 PM
Previous filing
Aug 26, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QUIK Common Stock Award $0 +16.9K +7.43% $0.00 244K Aug 26, 2024 Direct F1
transaction QUIK Common Stock Sale -$246K -27.9K -11.43% $8.83 216K Aug 27, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a one-time grant of restricted stock units that vest 100% upon grant date, August 26, 2024. One-time grant was issued to compensate Reporting Person for miscalculation by issuer of shares required to be sold to cover tax liability owed by the Reporting Person.
F2 In 2022, 2023 and the first half of 2024, the issuer miscalculated the withholding amount due and failed to withhold a sufficient number of shares to properly cover the tax liability owed by the Reporting Person. To rectify this, shares were sold to satisfy such tax liability. The Reporting Person's percentage ownership will remain relatively constant as a result of the vesting of additional shares on August 24, 2024 previously issued to the Reporting Person and the one-time grant of restricted stock units that vested on August 26, 2024.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.75 to $9.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.