Form 4: James Simons Reports Acquisition of QuinStreet Stock Through Restricted Stock Units
SEC Form 4 Filing
Director James Simons reports acquiring 6,904 shares of QuinStreet common stock through a restricted stock unit award vesting daily over one year.
Summary
- James Simons, a director of QuinStreet, Inc., reported acquiring 6,904 shares of common stock on October 31, 2024.
- The acquisition was through a Restricted Stock Unit (RSU) award with a vesting commencement date of October 31, 2024, and vests daily over one year.
- Simons also indirectly owns 44,841 shares through the James Rexroad Simons Trust, for which he is the trustee.
- Following the transaction, Simons directly owns 65,790 shares of QuinStreet common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock ownership change. There's no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of earliest transaction and vesting commencement date of the RSU award. |
| 11/04/2024 | Date of report signature. |
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