Gregory Wong - Jul 21, 2023 Form 4 Insider Report for QUINSTREET, INC (QNST)

Role
CFO
Signature
Gregory Wong
Stock symbol
QNST
Transactions as of
Jul 21, 2023
Transactions value $
-$267,700
Form type
4
Date filed
7/25/2023, 06:49 PM
Previous filing
May 12, 2023
Next filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNST Common Stock Options Exercise $254K +70K +27.25% $3.63 327K Jul 21, 2023 Direct
transaction QNST Common Stock Sale -$631K -70K -21.41% $9.01 257K Jul 21, 2023 Direct F1, F2
transaction QNST Common Stock Options Exercise $109K +30K +11.68% $3.63 287K Jul 21, 2023 Direct

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 -70K -70% $0.00 30K Jul 21, 2023 Common Stock 70K $3.63 Direct F3
transaction QNST Non-Qualified Stock Option (right to buy) Options Exercise $0 -30K -100% $0.00* 0 Jul 21, 2023 Common Stock 30K $3.63 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were sold pursuant to Mr. Wong's 10b5-1 Plan established on March 9, 2023, and were sold solely to cover the exercise price of the stock options and to satisfy the reporting person's tax obligation arising from the exercise of the stock options.
F2 The shares were sold at prices between $8.84 to $9.21. 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 The option vested and became exercisable at a rate of 25% of the option on the first anniversary of the vesting commencement date, July 29, 2016, and the reminder of the option vested in equal monthly installments over 36 months thereafter. The initial vest date was July 29, 2017 and the final vest date was July 29, 2020.