QuickLogic Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Key Highlights
- ➤51,502 restricted stock units granted to new CFO James Sullivan
- ➤RSUs vest over three years, starting October 5, 2027
- ➤Award issued outside QuickLogic's 2019 Equity Incentive Plan
- ➤Grant qualifies as Nasdaq Rule 5635(c)(4) employment inducement
QuickLogic Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) PR Newswire
SAN JOSE, Calif., Oct. 6, 2026 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) Hard IP, Strategic Radiation Hardened and Antifuse FPGAs and ruggedized programmable logic solutions, today announced that the Compensation Committee of its Board of Directors granted restricted stock unit awards for 51,502 shares of the Company's common stock (the "New-Hire RSUs") to James Sullivan, the Company's new Senior Vice President of Finance and Chief Financial Officer. The award was previously announced on September 21, 2026 and granted by the Compensation Committee on October 5, 2026, as an inducement material to his entering into employment with the Company, pursuant to Nasdaq Listing Rule 5635(c)(4).
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