Kathryn Quadracci Flores - 22 May 2023 Form 4 Insider Report for Quad/Graphics, Inc. (QUAD)

Role: Director
Signature: /s/ Alexander N. Pyke, as attorney-in-fact for Kathryn Quadracci Flores
Issuer symbol: QUAD
Transactions as of: 22 May 2023
Net transactions value: $0
Form type: 4
Filing time: 24 May 2023, 08:24:19 UTC
Previous filing: 04 Jan 2023
Next filing: 25 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUAD	Class A Common Stock	Award	$0	+36,605	+33%	$0.000000	148,196	22 May 2023	Direct	F1
holding	QUAD	Class A Common Stock						4,067	22 May 2023	As Trustee - DQ 2008 Trust	F2
holding	QUAD	Class A Common Stock						4,067	22 May 2023	As Trustee - HVQ 2003 Trust	F3
holding	QUAD	Class A Common Stock						4,067	22 May 2023	As Trustee - MAQ 2001 Trust	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	QUAD	Class B Common Stock						2,870	22 May 2023	Class A Common Stock	2,870		As Trustee - DQ 2008 Trust	F2, F5
holding	QUAD	Class B Common Stock						14,915	22 May 2023	Class A Common Stock	14,915		As Trustee - HRQ 2014 Trust	F5, F6
holding	QUAD	Class B Common Stock						2,870	22 May 2023	Class A Common Stock	2,870		As Trustee - HVQ 2003 Trust	F3, F5
holding	QUAD	Class B Common Stock						2,868	22 May 2023	Class A Common Stock	2,868		As Trustee - MAQ 2001 Trust	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 77,652 shares attributable to deferred stock units and dividend equivalents. The deferred stock units were granted under the Quad/Graphics, Inc. 2010 and 2020 Omnibus Incentive Plans.
F2	As Trustee for the Danica Quadracci 2008 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
F3	As Trustee for the Halle Victoria Quadracci 2003 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
F4	As Trustee for the Meghan Angela Quadracci 2001 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
F5	Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost and has no expiration date.
F6	As Trustee for the H. Richard Quadracci 2014 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.