Overview of the transactions
Quantum-Si Inc. (NASDAQ: QSI) Chief Financial Officer Jeffry R. Keyes reported two dispositions of Class A common stock in filings dated March 20 and March 23, 2026. Together the sales amounted to 8,655 shares for roughly $7,246, according to the Form 4 disclosures.
Details by trade date
On March 20, Keyes sold 4,233 shares at a weighted average price of $0.8483 per share, with executed prices spanning $0.8314 to $0.8718. After that transaction, the filing shows Keyes directly owned 1,811,767 shares of Quantum-Si.
Three days later, on March 23, Keyes completed a sale of 4,422 shares at a weighted average price of $0.8266, with trade prices ranging from $0.7973 to $0.8525. Following the March 23 disposition, Keyes' direct ownership was recorded as 1,807,345 shares.
Purpose of the sales
The Form 4 indicates these were sell-to-cover transactions carried out to meet mandatory federal, state, and local withholding obligations tied to the vesting of previously granted restricted stock units. The filing notes the sell-to-cover provision was required and established at the grant date of the related restricted stock unit award.
Market context
The sales took place while QSI shares were trading at about $0.85, roughly in line with the company's 52-week low of $0.79. The stock has declined about 42% over the last 12 months.
Valuation and analyst moves cited in filings
An InvestingPro analysis cited alongside the filings values QSI at a Fair Value of $1.13. The note mentions additional ProTips and financial metrics are available to subscribers for deeper review.
Recent company results and analyst reaction
Quantum-Si reported mixed fourth-quarter 2025 results. The company posted earnings per share of -$0.08, which exceeded the consensus expectation of -$0.12. Revenue, however, missed expectations at $451,000 versus projected revenue of $761,900. In response to these results, Canaccord reduced its price target on Quantum-Si shares to $1.00 from $1.50 while keeping a Hold rating. The analyst firm pointed to low-single-digit sales of Platinum instruments and an approximate gross margin of 27% as factors in the underperformance relative to revenue forecasts.
The Form 4 filings make clear the stock sales were routine sell-to-cover transactions associated with vested equity awards rather than discretionary open-market selling for other purposes. At the time of the trades, the company's share price and recent financials reflect pressures on revenue despite an EPS beat for the quarter.