Joo Mi Kim - Feb 5, 2024 Form 4 Insider Report for QUALYS, INC. (QLYS)

Signature
/s/ Bruce Posey, by power of attorney for Joo Mi Kim
Stock symbol
QLYS
Transactions as of
Feb 5, 2024
Transactions value $
-$912,602
Form type
4
Date filed
2/7/2024, 05:10 PM
Previous filing
Feb 5, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QLYS Common Stock Sale -$69.5K -417 -0.43% $166.73 97.4K Feb 5, 2024 Direct F1, F2
transaction QLYS Common Stock Sale -$45.1K -268 -0.28% $168.22 97.2K Feb 5, 2024 Direct F1, F3
transaction QLYS Common Stock Sale -$37.9K -224 -0.23% $169.20 97K Feb 5, 2024 Direct F1, F4
transaction QLYS Common Stock Sale -$9.54K -56 -0.06% $170.30 96.9K Feb 5, 2024 Direct F1, F5
transaction QLYS Common Stock Sale -$9.56K -55 -0.06% $173.75 96.8K Feb 5, 2024 Direct F1, F6
transaction QLYS Common Stock Sale -$9.87K -55 -0.06% $179.38 96.8K Feb 5, 2024 Direct F1
transaction QLYS Common Stock Sale -$10.1K -55 -0.06% $182.89 96.7K Feb 5, 2024 Direct F1
transaction QLYS Common Stock Award $0 +4.62K +4.78% $0.00 101K Feb 5, 2024 Direct F7
transaction QLYS Common Stock Tax liability -$394K -2.34K -2.31% $168.24 99K Feb 5, 2024 Direct F8
transaction QLYS Common Stock Award $0 +3.83K +3.87% $0.00 103K Feb 5, 2024 Direct F9
transaction QLYS Common Stock Tax liability -$327K -1.94K -1.89% $168.24 101K Feb 5, 2024 Direct F10
* 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 sale transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2023.
F2 The sale price represents the weighted average price of the shares sold ranging from $166.28 to $167.22 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F3 The sale price represents the weighted average price of the shares sold ranging from $167.71 to $168.70 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 The sale price represents the weighted average price of the shares sold ranging from $168.72 to $169.60 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F5 The sale price represents the weighted average price of the shares sold ranging from $170.04 to $170.67 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F6 The sale price represents the weighted average price of the shares sold ranging from $173.72 to $173.77 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F7 Represents the acquisition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to performance share awards granted to the Reporting Person on October 28, 2021.
F8 The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of performance restricted stock units awarded to the Reporting Person on October 28, 2021.
F9 Represents the acquisition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to performance share awards granted to the Reporting Person on October 27, 2022.
F10 The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of performance restricted stock units awarded to the Reporting Person on October 27, 2022.