Matthew P. Flake - 15 Jun 2021 Form 4 Insider Report for Q2 Holdings, Inc. (QTWO)

Role
President and CEO, Director
Signature
M. Scott Kerr, as attorney-in-fact
Issuer symbol
QTWO
Transactions as of
15 Jun 2021
Transactions value $
-$1,692,403
Form type
4
Filing time
16 Jun 2021, 16:37:15 UTC
Next filing
02 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Options Exercise $395K +20.5K +9.47% $19.26 237K 15 Jun 2021 Direct
transaction QTWO Common Stock Sale -$2.09M -20.5K -8.65% $101.78 217K 15 Jun 2021 Direct F1, F2

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
transaction QTWO Stock Option (right to buy) Options Exercise $0 -20.5K -50.63% $0.00 20K 15 Jun 2021 Common Stock 20.5K $19.26 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.15 to $102.395 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, 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 range set forth in this footnote.
F3 This option grant vests as to 1/4 of the total option grant on February 16, 2017 and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.