QNST Form 5: Andrew T. Sheehan Discloses Trust and Partnership Shares
Rhea-AI Filing Summary
QuinStreet director Andrew T. Sheehan reported changes in beneficial ownership for the fiscal year ended 06/30/2025. The Form 5 lists common stock transactions dated 11/22/2024 with transaction code G and shows numbers including 47,286, 47,486, 15,623 and 7,732 shares. The table differentiates direct and indirect holdings and provides per-line amounts for each class.
The filer discloses that certain shares are held by a trust for which he is trustee and by a limited partnership for which he is the managing director, and the reporting person expressly disclaims beneficial ownership of those shares except for his pecuniary interest. The Form identifies Sheehan as a Director of QuinStreet and reports the transaction details without additional earnings, valuation, or forward-looking information.
Positive
- Director identified: Reporting person is Andrew T. Sheehan, listed as a Director of QuinStreet.
- Transaction transparency: The Form reports common stock activity dated 11/22/2024 and uses transaction code G (gift) in the schedule.
- Indirect holdings disclosed: Footnotes explicitly state shares held by a trust and a limited partnership with accompanying disclaimers of beneficial ownership.
- Specific share amounts reported: The filing lists amounts including 47,286, 47,486, 15,623, and 7,732 shares.
Negative
- None.
Insights
TL;DR: Routine director ownership disclosure showing gift transactions and mixed direct/indirect holdings; no operational metrics provided.
The Form 5 documents common stock activity dated 11/22/2024 using transaction code G, indicating gift transfers, and reports both direct and indirect positions. Key figures in the filing include 47,286 and 47,486 shares as well as 15,623 and 7,732 shares noted in the schedule. For investors this clarifies the director's legal ownership structure but contains no revenue, earnings, or debt data that would change valuation models.
TL;DR: The filing provides transparent attribution of trust and partnership holdings and appropriate disclaimers of beneficial ownership.
The explanatory footnotes state that some shares are held by a trust (trustee relationship) and a limited partnership (managing director of general partner), with explicit disclaimers of beneficial ownership except for pecuniary interest. This is standard governance disclosure that helps stakeholders understand voting and economic interests, without indicating any change in corporate control or governance arrangements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| Gift | Common Stock | 47,286 | $0.00 | $0.00 |
| Gift | Common Stock | 47,286 | $0.00 | $0.00 |
Footnotes (2)
- F1. Shares held by a trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F2. Shares held by a limited partnership of which the reporting person is the managing director of its general partner. The reporting person disclaims beneficial ownership of these shares except as to the reporting person's pecuniary interest therein.
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