QNST

SEC source: 0001117297-18-000074 · edgardoc.xml · derivative · entry 7

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 5,345 shares

Expires 2020-11-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000074 · edgardoc.xml · nonDerivative · entry 3

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 356,252

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001117297-18-000074 · edgardoc.xml · nonDerivative · entry 2

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 350,907

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001117297-18-000074 · edgardoc.xml · nonDerivative · entry 1

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 325,907

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001117297-18-000072 · edgardoc.xml · nonDerivative · entry 1

SHEEHAN ANDREW T · CIK 0001207703 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,621

F1 · shares: Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2018 and it vests daily over one year.

SEC source: 0001117297-18-000071 · edgardoc.xml · nonDerivative · entry 1

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,907

F1 · shares: Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2018 and it vests daily over one year.

SEC source: 0001117297-18-000070 · edgardoc.xml · nonDerivative · entry 1

PAULDINE DAVID J · CIK 0001129817 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,371

F1 · shares: Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2018 and it vests daily over one year.

SEC source: 0001117297-18-000069 · edgardoc.xml · nonDerivative · entry 1

JOSEPHS ROBIN · CIK 0001222801 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,404

F1 · shares: Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2018 and it vests daily over one year.

SEC source: 0001117297-18-000068 · edgardoc.xml · nonDerivative · entry 1

Huizinga Stuart · CIK 0001366006 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 80,404

F1 · shares: Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2018 and it vests daily over one year.

SEC source: 0001117297-18-000067 · edgardoc.xml · nonDerivative · entry 1

Glickman Matthew · CIK 0001703076 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,621

F1 · shares: Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2018 and it vests daily over one year.

SEC source: 0000950103-18-012528 · dp97409_4-simons.xml · nonDerivative · entry 1

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,621

F1 · shares: Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2018 and it vests daily over one year. These shares are beneficially owned by the reporting person and are not subject to the letter agreement with SPVC V, LLC referred to in footnote (2) to this Form 4 where the reporting person holds securities for the sole benefit of SPVC V, LLC.

F2 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a RSU award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year. Pursuant to a letter agreement with SPVC V, LLC, the reporting person holds this RSU award covering the 13,888 shares for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000157 · primary_doc.xml · derivative · entry 6

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,780

Underlying: Common Stock · 2,605 shares

Expires 2018-11-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Represents an option that was exercised and the purchased shares were sold under a pre-arranged sales plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F8 · derivative.exercise_date: This option is fully vested and exercisable.

F4 · ownership.direct: Pursuant to the letter agreement with SPVC V, LLC referred to in footnote (3) to this Form 4, the reporting person holds these securities for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000157 · primary_doc.xml · nonDerivative · entry 2

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,888

F1 · kind: Represents an option that was exercised and the purchased shares were sold under a pre-arranged sales plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.03, inclusive. The reporting person undertakes to provide to QuinStreet, Inc., any security holder of QuinStreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year. This RSU award is held by the reporting person for the sole benefit of SPVC V, LLC pursuant to a letter agreement with SPVC V, LLC.

F4 · balance_after: Pursuant to the letter agreement with SPVC V, LLC referred to in footnote (3) to this Form 4, the reporting person holds these securities for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000157 · primary_doc.xml · nonDerivative · entry 1

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,493

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Represents an option that was exercised and the purchased shares were sold under a pre-arranged sales plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year. This RSU award is held by the reporting person for the sole benefit of SPVC V, LLC pursuant to a letter agreement with SPVC V, LLC.

F4 · balance_after: Pursuant to the letter agreement with SPVC V, LLC referred to in footnote (3) to this Form 4, the reporting person holds these securities for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000154 · primary_doc.xml · derivative · entry 6

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 615 shares

Expires 2018-11-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Represents an option that was exercised and the purchased shares were sold under a pre-arranged sales plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F8 · derivative.exercise_date: This option is fully vested and exercisable.

F4 · ownership.direct: Pursuant to the letter agreement with SPVC V, LLC referred to in footnote (3) to this Form 4, the reporting person holds these securities for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000154 · primary_doc.xml · nonDerivative · entry 2

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,888

F1 · kind: Represents an option that was exercised and the purchased shares were sold under a pre-arranged sales plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.01, inclusive. The reporting person undertakes to provide to QuinStreet, Inc., any security holder of QuinStreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year. This RSU award is held by the reporting person for the sole benefit of SPVC V, LLC pursuant to a letter agreement with SPVC V, LLC.

F4 · balance_after: Pursuant to the letter agreement with SPVC V, LLC referred to in footnote (3) to this Form 4, the reporting person holds these securities for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000154 · primary_doc.xml · nonDerivative · entry 1

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,503

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Represents an option that was exercised and the purchased shares were sold under a pre-arranged sales plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year. This RSU award is held by the reporting person for the sole benefit of SPVC V, LLC pursuant to a letter agreement with SPVC V, LLC.

F4 · balance_after: Pursuant to the letter agreement with SPVC V, LLC referred to in footnote (3) to this Form 4, the reporting person holds these securities for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000145 · primary_doc.xml · nonDerivative · entry 3

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC V, LLC

Disclosed balance after: 18

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.55 to $14.13, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F6 · ownership.nature: Represents securities held directly by SPVC V, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000145 · primary_doc.xml · nonDerivative · entry 2

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC Affiliates Fund

Disclosed balance after: 872

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.55 to $14.13, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F5 · ownership.nature: Represents securities held directly by SPVC Affiliates Fund I, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000145 · primary_doc.xml · nonDerivative · entry 1

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,888

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.55 to $14.13, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year.

F4 · balance_after: Pursuant to a letter agreement with SPVC V, LLC, the reporting person holds this security for the sole benefit of SPVC V, LLC.

SEC source: 0001117297-18-000060 · edgardoc.xml · derivative · entry 1

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,957

Underlying: Common Stock · 2,957 shares

Expires 2025-09-13

F2 · price: Mr. Sands elected to receive options in lieu of cash compensation as consideration for his service as a member of QuinStreet, Inc.'s (the "Company") board of directors and a member of the Company's Nominating and Corporate Governance and Compensation Committees for the quarter ended June 30, 2018. The number of options granted was determined by dividing the cash compensation otherwise payable with respect to the quarter by the Black-Scholes value of a single option calculated as of the date of grant. The election is available to independent directors, is made annually and applies to the entire fiscal year.

F1 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000058 · edgardoc.xml · derivative · entry 11

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,737

Underlying: Common Stock · 12,900 shares

Expires 2020-07-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_date: The shares of common stock subject to the option vest and become exercisable at a rate of 25% of the shares underlying the option on the first anniversary of the vesting commencement date, July 25, 2013, and the remainder of the shares underlying the option vest in equal monthly installments over 36 months thereafter. The initial vest date is July 25, 2014 and the final vest date is July 25, 2017.

SEC source: 0001117297-18-000058 · edgardoc.xml · derivative · entry 10

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 87,081

Underlying: Common Stock · 12,919 shares

Expires 2024-07-26

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_date: The shares of common stock subject to the option vest and become exercisable at a rate of 25% of the shares underlying the option on the first anniversary of the vesting commencement date, July 27, 2017, and the remainder of the shares underlying the option vest in equal monthly installments over 36 months thereafter. The initial vest date is July 27, 2018 and the final vest date is July 27, 2021.

SEC source: 0001117297-18-000058 · edgardoc.xml · derivative · entry 9

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 131,167

Underlying: Common Stock · 12,501 shares

Expires 2023-07-28

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to the option vest and 25% of the shares underlying the option become exercisable on the first anniversary of the vesting commencement date, July 29, 2016, and the remainder of the shares underlying the option vest in equal monthly installments over 36 months thereafter. The initial vest date is July 29, 2017 and the final vest date is July 29, 2020.

SEC source: 0001117297-18-000058 · edgardoc.xml · nonDerivative · entry 6

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 275,000

F1 · shares: These shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2017 (the "Options Plan"). The Options Plan was implemented to meet long-term estate planning and diversification objectives of the reporting person, and extend over an approximately two year period. The shares sold represent less than 1% of the shares beneficially owned by the reporting person as of December 31, 2017.

F3 · price: The shares were sold at prices between $14.16 and $14.83. The reporting person will provide upon request to the SEC, the issuer, or security holder of the issuer, full informaiton regarding the number of shares sold at each price.

SEC source: 0001117297-18-000058 · edgardoc.xml · nonDerivative · entry 5

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 287,501

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001117297-18-000058 · edgardoc.xml · nonDerivative · entry 4

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 275,000

F1 · shares: These shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2017 (the "Options Plan"). The Options Plan was implemented to meet long-term estate planning and diversification objectives of the reporting person, and extend over an approximately two year period. The shares sold represent less than 1% of the shares beneficially owned by the reporting person as of December 31, 2017.

F2 · price: The shares were sold at prices between $14.17 and $14.83. The reporting person will provide upon request to the SEC, the issuer, or security holder of the issuer, full informaiton regarding the number of shares sold at each price.

SEC source: 0001117297-18-000058 · edgardoc.xml · nonDerivative · entry 3

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 287,900

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001117297-18-000058 · edgardoc.xml · nonDerivative · entry 2

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 275,000

F1 · shares: These shares were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2017 (the "Options Plan"). The Options Plan was implemented to meet long-term estate planning and diversification objectives of the reporting person, and extend over an approximately two year period. The shares sold represent less than 1% of the shares beneficially owned by the reporting person as of December 31, 2017.

F2 · price: The shares were sold at prices between $14.17 and $14.83. The reporting person will provide upon request to the SEC, the issuer, or security holder of the issuer, full informaiton regarding the number of shares sold at each price.

SEC source: 0001117297-18-000058 · edgardoc.xml · nonDerivative · entry 1

Valenti Douglas · CIK 0001478988 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 287,919

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001235802-18-000142 · primary_doc.xml · nonDerivative · entry 6

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC V, LLC

Disclosed balance after: 24,099

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.25, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (7) to this Form 4.

F6 · ownership.nature: Represents securities held directly by SPVC V, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000142 · primary_doc.xml · nonDerivative · entry 5

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC Affiliates Fund

Disclosed balance after: 1,391

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.25, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (7) to this Form 4.

F5 · ownership.nature: Represents securities held directly by SPVC Affiliates Fund I, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000142 · primary_doc.xml · nonDerivative · entry 4

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,361

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.25, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (7) to this Form 4.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year.

F4 · balance_after: Pursuant to a letter agreement with SPVC V, LLC, the reporting person holds this security for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000142 · primary_doc.xml · nonDerivative · entry 3

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC V, LLC

Disclosed balance after: 47,457

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.43, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F6 · ownership.nature: Represents securities held directly by SPVC V, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000142 · primary_doc.xml · nonDerivative · entry 2

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC Affiliates Fund

Disclosed balance after: 1,894

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.43, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F5 · ownership.nature: Represents securities held directly by SPVC Affiliates Fund I, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000142 · primary_doc.xml · nonDerivative · entry 1

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,820

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.43, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year.

F4 · balance_after: Pursuant to a letter agreement with SPVC V, LLC, the reporting person holds this security for the sole benefit of SPVC V, LLC.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 12

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 5,339 shares

Expires 2020-02-20

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 11

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 6,449 shares

Expires 2022-02-10

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 10

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 25,000 shares

Expires 2022-10-25

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 9

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 8,302 shares

Expires 2024-09-12

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 8

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 6,891 shares

Expires 2021-05-13

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 7

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,131 shares

Expires 2022-05-11

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 6

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 8,271 shares

Expires 2022-11-11

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · derivative · entry 5

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 8,477 shares

Expires 2022-08-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The shares of common stock subject to this option are fully vested and exercisable.

SEC source: 0001117297-18-000056 · edgardoc.xml · nonDerivative · entry 1

SANDS GREGORY P · CIK 0001201719 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 293,174

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: These shares were exercised at prices between $5.06 to $5.96. The reporting person will provide upon request to the SEC, the issuer, or security holder of the issuer, full information regarding the number of shares exercised at each price.

F1 · price: These shares were exercised at prices between $5.06 to $5.96. The reporting person will provide upon request to the SEC, the issuer, or security holder of the issuer, full information regarding the number of shares exercised at each price.

SEC source: 0001235802-18-000141 · primary_doc.xml · nonDerivative · entry 9

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC V, LLC

Disclosed balance after: 103,800

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.30, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (8) to this Form 4.

F6 · ownership.nature: Represents securities held directly by SPVC V, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000141 · primary_doc.xml · nonDerivative · entry 8

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC Affiliates Fund

Disclosed balance after: 3,108

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.30, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (8) to this Form 4.

F5 · ownership.nature: Represents securities held directly by SPVC Affiliates Fund I, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000141 · primary_doc.xml · nonDerivative · entry 7

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,927

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.30, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (8) to this Form 4.

F3 · balance_after: Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year.

F4 · balance_after: Pursuant to a letter agreement with SPVC V, LLC, the reporting person holds this security for the sole benefit of SPVC V, LLC.

SEC source: 0001235802-18-000141 · primary_doc.xml · nonDerivative · entry 6

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC V, LLC

Disclosed balance after: 177,298

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.64, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (7) to this Form 4.

F6 · ownership.nature: Represents securities held directly by SPVC V, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001235802-18-000141 · primary_doc.xml · nonDerivative · entry 5

Simons James R. · CIK 0001476267 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · SPVC Affiliates Fund

Disclosed balance after: 4,692

F1 · kind: These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.64, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (7) to this Form 4.

F5 · ownership.nature: Represents securities held directly by SPVC Affiliates Fund I, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.