Form 4: QuinStreet CFO Exercises Stock Options, Acquires 40,000 Shares
SEC Form 4
Gregory Wong, CFO of QuinStreet, Inc., exercised non-qualified stock options to acquire 40,000 shares of common stock at $4.01 per share on July 17, 2024.
Summary
- On July 17, 2024, Gregory Wong, the CFO of QuinStreet, Inc. (QNST), exercised non-qualified stock options.
- This transaction involved the acquisition of 40,000 shares of QuinStreet's common stock at a price of $4.01 per share.
- Following the transaction, Wong directly owns 330,139 shares of QuinStreet common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The CFO exercising options doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency into the CFO's holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 07/27/2017 | Vesting commencement date for the stock options. |
| 07/27/2018 | Initial vest date for the stock options (25%). |
| 07/27/2021 | Final vest date for the stock options. |
| 07/17/2024 | Date of the transaction: CFO exercised stock options and acquired 40,000 shares at $4.01. |
| 07/26/2024 | Expiration date of the non-qualified stock option. |
| 07/19/2024 | Date of signature on the Form 4 filing. |
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