QuinStreet (QNST) CEO Douglas Valenti Sells 751,631 Shares

What Happened

• Douglas Valenti, Chief Executive Officer of QuinStreet (QNST), reported a large open‑market sale and several share transfers related to tax withholding and a family gift. On August 7, 2026 he sold 751,631 shares for aggregate proceeds of $15,408,436 (reported on Form 4).
• On August 10, 2026 Valenti relinquished a total of 84,595 shares (withheld/cancelled by the issuer) at $22.02 per share to satisfy federal/state tax withholding obligations tied to vesting awards (value ≈ $1,862,782). The filing also reports a gift transaction of 81,655 shares involving family holdings (footnote indicates shares held by his children).

Key Details

• Dates and prices:
  • Aug 7, 2026 — Open‑market sale of 751,631 shares; aggregate $15,408,436 (sale prices ranged $20.00–$20.91; filing lists $20.50).
  • Aug 10, 2026 — Multiple withholdings/cancellations totaling 84,595 shares at $22.02 to cover tax liabilities (total ≈ $1.86M).
  • Aug 10, 2026 — Gift reported for 81,655 shares (see footnote re: children).
• Shares owned after transaction: Not specified in this Form 4.
• Notable footnotes:
  • F1: Withheld/cancelled shares were relinquished to the issuer in exchange for the issuer paying Valenti’s tax withholding obligations (Rule 16b‑3 treatment).
  • F2: The Aug 7 sale was made pursuant to a Rule 10b5‑1 trading plan adopted Sept 6, 2024.
  • F3: Shares sold on Aug 7 were executed at prices between $20.00 and $20.91; detailed per‑price breakdown available on request.
  • F4: The gift involves shares held by Mr. Valenti’s children.
• Timeliness: Form 4 was filed Aug 11, 2026 (within the standard two business‑day filing window for the Aug 7 and Aug 10 transactions).

Context

• The large Aug 7 sale was executed under a pre‑existing 10b5‑1 plan, which is a pre‑arranged schedule and common for senior executives — not necessarily a directional signal about outlook.
• The Aug 10 entries are cashless/withholding transactions: shares were surrendered/cancelled to cover tax obligations from vesting awards (typical administrative step after RSU vesting).
• The 81,655‑share gift to family is a non‑market transaction and does not by itself indicate buying or selling intent.