Form 4: Quinstreet CEO Douglas Valenti Reports Stock Transactions to Cover Tax Obligations

CEO Douglas Valenti reports disposition of Quinstreet shares to cover tax obligations arising from RSU vesting, alongside a gift transaction.

Summary

• Douglas Valenti, CEO of Quinstreet, reported transactions involving the company's common stock on August 10, 2024.
• The transactions involved the disposition of shares to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).
• Specifically, shares were relinquished to Quinstreet and cancelled by the issuer to cover federal and state tax withholding obligations.
• No shares were sold or disposed of for any reason other than to cover required taxes.
• Valenti also reported a gift transaction involving 85,411 shares.
• Following these transactions, Valenti directly owns 737,754 shares and indirectly owns 1,820,217 shares through a trust and 6,903 shares through his son.

Sentiment

Score: 5

Explanation: The document reports routine transactions related to tax obligations and a gift, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The transactions reported here are related to tax obligations and a gift, which are common occurrences.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders, as they are related to tax obligations and a gift.

Key Dates