Sumedh S. Thakar - Nov 1, 2023 Form 4 Insider Report for QUALYS, INC. (QLYS)

Signature
/s/ Bruce Posey by power of attorney for Sumedh S. Thakar
Stock symbol
QLYS
Transactions as of
Nov 1, 2023
Transactions value $
-$1,214,232
Form type
4
Date filed
11/2/2023, 04:54 PM
Previous filing
Oct 30, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QLYS Common Stock Tax liability -$1.21M -7.99K -4.09% $151.95 187K Nov 1, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units.