Asia stocks drift lower tracking Wall St; Hong Kong rises as Nvidia cheer persists
John S. Vieceli, Chief Product Officer at Quantum-Si Inc (NASDAQ:QSI), sold 21,923 shares of Class A Common Stock on June 23, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, which maintains a strong balance sheet with more cash than debt, has seen its stock surge 45% over the past six months despite significant price volatility, according to InvestingPro data. The shares were sold at a weighted average price of $1.6139, with individual sales prices ranging from $1.55 to $1.68, for a total transaction value of $35,381.
Following the transaction, Vieceli directly owns 842,586 shares of Quantum-Si Inc.
The sale was executed to cover required federal, state, and local withholding taxes associated with the vesting of previously granted restricted stock units. This sell-to-cover provision is mandatory and cannot be altered by the individual, as it is enacted at the grant date of the related restricted stock unit award. For deeper insights into QSI’s financial health, valuation metrics, and 8 additional key ProTips, visit InvestingPro.
In other recent news, Quantum-Si Incorporated reported its first-quarter earnings for 2025, revealing a significant revenue increase of 84% year-over-year, reaching $842,000. However, this figure fell short of the forecasted $1.25 million. The company did manage to beat earnings per share (EPS) expectations, reporting a loss of $0.11 per share compared to the anticipated loss of $0.17. Quantum-Si continues to focus on technological advancements, with plans to launch its Proteus platform in the latter half of 2026. In addition, the company is set to showcase its protein sequencing technology at the upcoming Festival of Genomics & Biodata Boston, highlighting its Platinum Pro instrument. Despite the positive developments, Quantum-Si’s stock experienced a decline following the earnings release, potentially due to the revenue miss. The company remains confident in its long-term strategy, with CEO Jeff Hawkins (NASDAQ:HWKN) emphasizing ongoing investments in research and development. Quantum-Si’s financial position is solid, with cash reserves expected to sustain operations into the second half of 2027.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.