Form 4: Quinstreet CEO Douglas Valenti Reports Stock Transactions to Cover Tax Obligations
SEC Form 4 Filing
CEO Douglas Valenti reports disposition of Quinstreet shares to cover tax liabilities arising from RSU vesting, alongside a gift of shares.
Summary
- Douglas Valenti, CEO of Quinstreet, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred on February 10, 2025.
- Several transactions involved the disposition of common stock to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).
- These dispositions were exempt under Section 16b-3.
- A total of 32,400 shares were gifted.
- Following these transactions, Valenti directly owns 630,130 shares and indirectly owns 1,850,785 shares through a trust and 6,903 shares through his son.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes and a gift, which doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock transactions (disposal of shares for tax obligations and gift of shares). |
| 02/12/2025 | Date of signature on the Form 4 filing. |
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