QuinStreet (QNST) CFO relinquishes shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuinStreet CFO Gregory Wong reported exempt transactions in company common stock tied to restricted stock unit (RSU) vesting. On May 10, 2026, he relinquished a total of 7,541 shares at $13.21 per share to cover federal and state tax withholding obligations. According to the filing, there was no open-market sale; the shares were cancelled by QuinStreet in exchange for paying the tax liability, leaving Wong with 429,159 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Wong Gregory
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,121 | $13.21 | $15K |
| Tax Withholding | Common Stock | 1,682 | $13.21 | $22K |
| Tax Withholding | Common Stock | 1,528 | $13.21 | $20K |
| Tax Withholding | Common Stock | 1,528 | $13.21 | $20K |
| Tax Withholding | Common Stock | 1,682 | $13.21 | $22K |
Holdings After Transaction:
Common Stock — 429,159 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares relinquished for taxes: 7,541 shares
Tax-withholding share value: $13.21 per share
Shares held after transactions: 429,159 shares
+2 more
5 metrics
Shares relinquished for taxes
7,541 shares
Total F-coded tax-withholding dispositions on May 10, 2026
Tax-withholding share value
$13.21 per share
Valuation used for all F-code transactions
Shares held after transactions
429,159 shares
Direct ownership by Gregory Wong following tax-withholding dispositions
Tax-withholding transactions
5 transactions
All coded F, exempt under Section 16b-3
Total tax-withholding shares (summary)
7,541 shares
Reflected in transactionSummary as taxWithholdingShares
Key Terms
Section 16b-3, Rule 16b-3, RSUs, tax-withholding disposition, +1 more
5 terms
Section 16b-3 regulatory
"Exempt transaction pursuant to Section 16b-3 for payment of exercise price or tax liability"
Rule 16b-3 regulatory
"vesting of a security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
RSUs financial
"resulting from the vesting of RSUs. The Reporting Person did not sell"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
F transaction code regulatory
"transaction_code": "F""
FAQ
What did QuinStreet (QNST) CFO Gregory Wong report in this Form 4?
Gregory Wong reported exempt transactions where shares were surrendered to QuinStreet to pay taxes on RSU vesting. These were coded as F transactions and did not involve any open-market share sales or purchases.
Why are these QuinStreet (QNST) Form 4 transactions coded with transaction code F?
Transaction code F indicates shares were used to pay an exercise price or tax liability. Here, all F-coded entries reflect shares relinquished and cancelled to satisfy federal and state tax withholding on vested RSUs under Rule 16b-3.