Hillary Smith - Nov 8, 2023 Form 4 Insider Report for QUINSTREET, INC (QNST)

Role: Director
Signature: By: Gregory Wong For: Hillary Smith
Stock symbol: QNST
Transactions as of: Nov 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/13/2023, 07:57 PM
Previous filing: Oct 31, 2023
Next filing: Feb 15, 2024

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)	Award	$0	+2.82K		$0.00	2.82K	Nov 8, 2023	Common Stock	2.82K	$10.72	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares of common stock subject to this option are fully vested and exercisable.
F2	Ms. Smith elected to receive options in lieu of cash compensation as consideration for her service as a member of QuinStreet, Inc.'s (the "Company") board of directors and a member of the Company's Compensation Committee for the quarter ended September 30, 2023. The number of options granted was determined by dividing the cash compensation otherwise payable with respect to the quarter by the Black-Scholes value of a single option calculated as of the date of grant. The election is available to independent directors, is made annually and applies to the entire fiscal year.

Content

The shares of common stock subject to this option are fully vested and exercisable.

Ms. Smith elected to receive options in lieu of cash compensation as consideration for her service as a member of QuinStreet, Inc.'s (the "Company") board of directors and a member of the Company's Compensation Committee for the quarter ended September 30, 2023. The number of options granted was determined by dividing the cash compensation otherwise payable with respect to the quarter by the Black-Scholes value of a single option calculated as of the date of grant. The election is available to independent directors, is made annually and applies to the entire fiscal year.