QuickLogic (QUIK) director Michael Farese sells 1,813 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuickLogic Corp director Michael J. Farese reported an open-market sale of 1,813 shares of Common Stock. The shares were sold at a price of $9.91 per share on March 17, 2026. After this transaction, he directly holds 39,340 Common Stock shares. According to a footnote, the sale was effected under his Rule 10b5-1 trading plan adopted on August 21, 2025, indicating it was pre-arranged rather than a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,813 shares ($17,967)
Net Sell
1 txn
Insider
FARESE MICHAEL J.
Role
Director
Sold
1,813 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,813 | $9.91 | $18K |
Holdings After Transaction:
Common Stock — 39,340 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did QuickLogic (QUIK) report for Michael J. Farese?
QuickLogic reported that director Michael J. Farese sold 1,813 shares of Common Stock in an open-market transaction at $9.91 per share. This Form 4 filing documents the sale and his updated direct ownership position following the transaction.
Was the QuickLogic (QUIK) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected under Michael J. Farese’s Rule 10b5-1 trading plan, adopted on August 21, 2025. Such plans pre-schedule trades, indicating the timing was set in advance rather than based on new information.
What type of transaction code is used in Michael J. Farese’s QuickLogic (QUIK) Form 4?
The Form 4 uses transaction code “S”, indicating a sale in an open-market or private transaction. The filing specifies it as an open-market sale of Common Stock, aligning with the 1,813 shares sold at $9.91 per share.