John E. Breeden - 02 Dec 2021 Form 4 Insider Report for Q2 Holdings, Inc. (QTWO)

Role: Chief Operating Officer
Signature: /s/ M. Scott Kerr, attorney-in-fact
Issuer symbol: QTWO
Transactions as of: 02 Dec 2021
Net transactions value: -$66,398
Form type: 4
Filing time: 03 Dec 2021, 15:22:41 UTC
Previous filing: 23 Jun 2021
Next filing: 07 Mar 2022
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	$10,055	+498	+0.75%	$20.19	66,511	02 Dec 2021	Direct
transaction	QTWO	Common Stock	Sale	$38,226	-498	-0.75%	$76.76	66,013	02 Dec 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	Employee Stock Option (right to buy)	Options Exercise	$38,226	-498	-100%	$76.76	0	02 Dec 2021	Common Stock	498	$20.19	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 $75.61 to $77.67 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 20, 2016, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.