Form 4: QuinStreet CFO Gregory Wong Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
CFO Gregory Wong disposed of shares to cover tax obligations related to RSU vesting, according to a Form 4 filing.
Summary
- Gregory Wong, CFO of QuinStreet, Inc., filed a Form 4 detailing the disposal of common stock.
- The transactions occurred on May 10, 2024, and were exempt under Section 16b-3, covering tax liabilities related to the vesting of Restricted Stock Units (RSUs).
- A total of 5,163 shares were disposed of at a price of $18.47 per share.
- These shares were relinquished to QuinStreet and cancelled to cover federal and state tax withholding obligations.
- Following these transactions, Wong directly owns 290,139 shares of QuinStreet common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine tax-related stock disposals.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on stakeholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of stock disposal transactions |
| 05/14/2024 | Date of signature on the Form 4 filing |
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