QuinStreet (QNST) Director Ahmed Asmau Sells 25,000 Shares

What Happened

• Ahmed Asmau, a director of QuinStreet, sold a total of 25,000 shares of QNST stock in two open‑market transactions: 15,000 shares on 2026-08-14 and 10,000 shares on 2026-08-17. Proceeds reported: $312,750 (15,000 @ $20.85) and $203,000 (10,000 @ $20.30), totaling roughly $515,750. These were outright sales (S), which are typically routine dispositions rather than bullish purchases.

Key Details

• Transaction dates and prices:
  • 2026-08-14: 15,000 shares sold; reported price $20.85; proceeds $312,750. Footnote states some shares were sold at prices between $20.83–$20.89; a per‑price breakdown is available on request (F1).
  • 2026-08-17: 10,000 shares sold; reported price $20.30; proceeds $203,000.
• Shares owned after the transactions: Not specified in the provided filing details.
• Footnote(s): F1 notes certain shares were sold at prices between $20.83 and $20.89 and that the reporting person can provide a breakdown of shares sold at each price upon request.
• Filing: Form 4 was filed on 2026-08-18 reporting transactions dated Aug 14 and Aug 17; the filing date appears timely based on the reported transaction dates.
• Transaction code: S = Sale (open market/private sale).

Context

• Sales by directors can be for many personal reasons and do not by themselves indicate a change in company outlook. For retail investors, purchases are generally a stronger signal of insider conviction than routine sales. This filing documents the disposition and the cash proceeds but does not provide a reason for the sales.