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

Role: President and CEO, Director
Signature: M. Scott Kerr, as attorney-in-fact
Stock symbol: QTWO
Transactions as of: Jun 15, 2021
Transactions value $: -$1,692,403
Form type: 4
Date filed: 6/16/2021, 04:37 PM
Next filing: Sep 2, 2021

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	Jun 15, 2021	Direct
transaction	QTWO	Common Stock	Sale	-$2.09M	-20.5K	-8.65%	$101.78	217K	Jun 15, 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	Jun 15, 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.