Form 4: Quinstreet CEO Douglas Valenti Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Douglas Valenti, CEO of Quinstreet, Inc., reports disposing of shares to cover tax obligations arising from RSU vesting.
Summary
- On May 10, 2024, Douglas Valenti, the CEO of Quinstreet, Inc., disposed of several blocks of common stock to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).
- The transactions were exempt under Section 16b-3, involving the withholding of securities to cover the exercise price or tax liability.
- The price per share for these transactions was $18.47.
- Following these transactions, Mr. Valenti directly owns 433,008 shares of common stock.
- He also indirectly owns 6,903 shares through his son and 1,857,279 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the reason for the disposal.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of stock disposal transactions. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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