Valenti Douglas 4
Research Summary
AI-generated summary
QuinStreet (QNST) CEO Douglas Valenti Sells Shares to Cover Taxes
What Happened
- Douglas Valenti, CEO of QuinStreet, confirmed transactions on May 10, 2026 in which he relinquished a total of 36,253 shares (multiple withholdings of 6,042 and 12,085 shares) at $13.21 per share to satisfy federal/state tax withholding tied to vested RSUs. The withholding/share-cancellation totaled about $478,900. The filing also shows a gift of 34,997 shares (reported at $0) described as shares held by his children.
Key Details
- Transaction date: May 10, 2026; Filing date: May 12, 2026 (timely).
- Withholding price: $13.21 per share; total value of shares relinquished for taxes ≈ $478,900.
- Gift: 34,997 shares reported as a gift ($0 value in the filing); footnote indicates these shares are held by Mr. Valenti's children.
- Footnotes: F1 — shares were relinquished to the issuer and cancelled in exchange for the issuer paying the reporting person’s tax withholding obligations (exempt under Rule 16b‑3). F2 — shares are held by Valenti’s children.
- Shares owned after the transactions: not specified in the Form 4.
Context
- These transactions were tax-withholding/cancellation related to RSU vesting (a routine, non‑market sale), not an open-market sale. The gift entry simply records a transfer to family (does not by itself indicate executive sentiment about the stock).