Ben Andrews Takes 6.4% Stake in QuickLogic Corp (QUIK)
Ticker: QUIK · Form: SC 13G · Filed: Jan 4, 2024 · CIK: 882508
| Field | Detail |
|---|---|
| Company | Quicklogic Corp (QUIK) |
| Form Type | SC 13G |
| Filed Date | Jan 4, 2024 |
| Risk Level | medium |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, beneficial-ownership, stake-disclosure
TL;DR
**Ben Andrews just revealed a 6.4% stake in QuickLogic, holding 765,533 shares.**
AI Summary
Ben Andrews, an individual investor, has reported beneficial ownership of 765,533 shares of QuickLogic Corporation (QUIK) Common Stock as of December 31, 2023. This represents 6.4% of the company's outstanding shares, making him a significant shareholder with sole voting and dispositive power over these shares. This matters to investors because a substantial individual stake can signal confidence in the company's future, but also means a single person holds considerable influence over a notable portion of the stock.
Why It Matters
A large individual stake like this can influence stock performance and company decisions, as Ben Andrews now has a significant voice.
Risk Assessment
Risk Level: medium — While a large stake can signal confidence, it also means a single individual holds significant influence, which could be a risk if their interests diverge from other shareholders.
Analyst Insight
Investors should monitor future filings by Ben Andrews for any changes in his stake, as a significant increase or decrease could signal his evolving view on QuickLogic's prospects.
Key Numbers
- 765,533 — Shares Beneficially Owned (Total shares of QuickLogic Common Stock owned by Ben Andrews)
- 6.4% — Percent of Class (Percentage of QuickLogic's Common Stock owned by Ben Andrews)
- December 31, 2023 — Reporting Date (The date as of which the ownership stake is reported)
Key Players & Entities
- Ben Andrews (person) — Reporting Person, beneficial owner of shares
- QuickLogic Corporation (company) — Subject Company (Issuer) of the securities
- 765,533 (dollar_amount) — Number of shares beneficially owned by Ben Andrews
- 6.4% (dollar_amount) — Percentage of QuickLogic's class of securities owned by Ben Andrews
- December 31, 2023 (dollar_amount) — Date of event requiring the filing of this statement
Forward-Looking Statements
- Ben Andrews will maintain a significant stake in QuickLogic Corporation for the foreseeable future. (Ben Andrews) — medium confidence, target: 2025-12-31
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is Ben Andrews, an individual investor from the United States, as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer of the securities being reported is QuickLogic Corporation, as identified in the 'Name of Issuer' section of the Schedule 13G.
How many shares of Common Stock does Ben Andrews beneficially own?
Ben Andrews beneficially owns 765,533 shares of QuickLogic Corporation's Common Stock, as detailed in Row 9 of the cover page and Item 9 of the filing.
What percentage of QuickLogic Corporation's class of securities does Ben Andrews own?
Ben Andrews owns 6.4% of QuickLogic Corporation's class of securities, as indicated in Row 11 of the cover page and Item 11 of the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the first page of the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 4, 2024 by Ben Andrews regarding QUICKLOGIC Corp (QUIK).