Douglas Valenti - Jun 1, 2021 Form 4 Insider Report for QUINSTREET, INC (QNST)

Role
Chief Executive Officer, Director
Signature
By: Gregory Wong For: Douglas Valenti
Stock symbol
QNST
Transactions as of
Jun 1, 2021
Transactions value $
-$29,599
Form type
4
Date filed
6/3/2021, 12:02 PM
Previous filing
May 27, 2021
Next filing
Jul 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNST Common Stock Options Exercise $8.35K +2.08K +0.57% $4.01 367K Jun 1, 2021 Direct
transaction QNST Common Stock Sale -$38K -2.08K -0.57% $18.22 365K Jun 1, 2021 Direct F1, F2
holding QNST Common Stock 6.9K Jun 1, 2021 by Son F3
holding QNST Common Stock 2.83M Jun 1, 2021 by Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QNST Non-Qualified Stock Option (right to buy) Options Exercise $0 -2.08K -33.33% $0.00 4.17K Jun 1, 2021 Common Stock 2.08K $4.01 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares 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, 2020.
F2 The shares were sold at prices between $18.06 and $18.43. 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 Shares held by Mr. Valenti's children.
F4 The option vested and became exercisable at a rate of 25% of the option on the first anniversary of the vesting commencement date, July 27, 2017, and the remainder of the option vest in equal monthly installments over 36 months thereafter. The initial vest date was July 27, 2018 and the final vest date is July 27, 2021.