Wong Gregory 4
Research Summary
AI-generated summary
QuinStreet (QNST) CFO Gregory Wong Sells 8,187 Shares to Cover Taxes
What Happened
QuinStreet CFO Gregory Wong relinquished a total of 8,187 shares on Feb 10, 2026 to satisfy tax withholding obligations related to vested RSUs. Each share was valued at $11.74, for an aggregate value of approximately $96,116. These were not open-market sales for cash gain; the shares were delivered back to the issuer and cancelled in exchange for the company paying the reporting person’s federal and state tax withholding obligations (transaction code F).
Key Details
- Transaction date: 2026-02-10; Filing date: 2026-02-12 (filed within typical 2-business-day window).
- Price per share: $11.74.
- Shares relinquished (by lot): 1,280; 1,931; 1,517; 1,528; 1,931 — total 8,187 shares.
- Total value relinquished: ~$96,116 (sum of reported amounts).
- Footnote: Exempt transaction under Rule 16b-3 — shares were surrendered to the issuer and cancelled so the issuer would pay applicable tax withholding (F1).
- Shares owned after transaction: not specified in the provided filing.
Context
This was a tax-withholding/cashless settlement of vested RSUs, a routine administrative transaction that does not necessarily reflect the insider’s view of the company’s prospects. For investors tracking insider activity, purchases are typically more informative than share-withholdings like this.