Sumedh S. Thakar - 01 Nov 2023 Form 4 Insider Report for QUALYS, INC. (QLYS)

Signature
/s/ Bruce Posey by power of attorney for Sumedh S. Thakar
Issuer symbol
QLYS
Transactions as of
01 Nov 2023
Net transactions value
-$1,214,232
Form type
4
Filing time
02 Nov 2023, 16:54:20 UTC
Previous filing
30 Oct 2023
Next filing
16 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QLYS Common Stock Tax liability $1,214,232 -7,991 -4.1% $151.95 187,476 01 Nov 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.