Douglas Valenti - 16 Sep 2021 Form 4 Insider Report for QUINSTREET, INC (QNST)

Signature
By: Martin J. Collins For: Douglas Valenti
Issuer symbol
QNST
Transactions as of
16 Sep 2021
Net transactions value
-$37,640
Form type
4
Filing time
11 Feb 2022, 17:47:33 UTC
Previous filing
12 Aug 2021
Next filing
22 Sep 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNST Common Stock Gift $0 -40,587 -9.7% $0.000000 375,778 10 Aug 2021 Direct
transaction QNST Common Stock Sale $37,640 -2,083 -0.55% $18.07 373,695 16 Sep 2021 Direct F1, F2
transaction QNST Common Stock Gift $0 +2,083 +0.56% $0.000000 375,778 07 Oct 2021 Direct
transaction QNST Common Stock Gift $0 -18,528 -4.9% $0.000000 357,250 10 Nov 2021 Direct
transaction QNST Common Stock Gift $0 +40,587 +1.6% $0.000000 2,657,607 10 Aug 2021 by Trust F3
transaction QNST Common Stock Gift $0 -638,344 -24% $0.000000 2,019,263 27 Jul 2021 by Trust F4
transaction QNST Common Stock Gift $0 -165,723 -8.2% $0.000000 1,853,540 01 Sep 2021 by Trust F5
transaction QNST Common Stock Gift $0 -2,083 -0.11% $0.000000 1,851,457 07 Oct 2021 by Trust
transaction QNST Common Stock Gift $0 +18,528 +1% $0.000000 1,869,985 10 Nov 2021 by Trust F3
transaction QNST Common Stock Gift $0 -2,000 -0.11% $0.000000 1,867,985 19 Nov 2021 by Trust F6
holding QNST Common Stock 6,903 16 Sep 2021 by Son F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These sales were effected pursuant to a Rule 10b5-1 trading plan. The plan was implemented to meet long-term estate planning and diversification objectives of the reporting person, and extend over a multi-year period. The shares sold represent less than 1% of the shares beneficially owned by the reporting person as of December 31, 2021.
F2 The shares were sold at prices between $17.44 and $18.56. The reporting person will provide upon request to the SEC, the issuer, or security holder of the issuer, full information regarding the number of shares sold at each price.
F3 Reflects shares transferred to The Valenti Living Trust from the reporting person's direct holdings.
F4 The reporting person transferred shares of common stock to four of his five sons in equal proportion and to each in their individual capacity. This transaction represents a transfer of shares that were beneficially owned by the reporting person for the purposes of estate planning and not a sale of securities.
F5 The reporting person transferred shares of common stock to an irrevocable trust of which the reporting person is the sole trustee and one of his five sons is the sole beneficiary. This transaction represents a transfer of shares that were beneficially owned by the reporting person for the purposes of estate planning and not a sale of securities.
F6 This transaction represents a transfer of shares that were beneficially owned by the reporting person for the purposes of a donation to a charity and not a sale of securities.
F7 Shares held by Mr. Valenti's children.