Press Release: QuickLogic Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

Dow Jones04:57

SAN JOSE, Calif., Oct. 6, 2026 /PRNewswire/ -- QuickLogic Corporation $(QUIK)$ ("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).

The New-Hire RSUs will be granted outside of the Company's 2019 Equity Incentive Plan and will vest over a three-year period, with 1/3rd vesting on October 5, 2027 and 1/6th vesting each six months thereafter, subject to Mr. Sullivan's continued employment with the Company.

About QuickLogic

QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, Strategic Radiation Hardened and Antifuse FPGAs and ruggedized programmable logic solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

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SOURCE QuickLogic Corporation

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