Michael S. Kerr - May 15, 2023 Form 4 Insider Report for Q2 Holdings, Inc. (QTWO)

Role: General Counsel
Signature: /s/ Michael S. Kerr
Stock symbol: QTWO
Transactions as of: May 15, 2023
Transactions value $: -$8,870
Form type: 4
Date filed: 5/16/2023, 04:22 PM
Previous filing: Mar 8, 2023
Next filing: Sep 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QTWO	Common Stock	Sale	-$8.87K	-351	-0.8%	$25.27	43.3K	May 15, 2023	Direct	F1, F2

* 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	Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan adopted on 8/15/2022, for purposes of settling taxes due upon the lapse of restricted stock units.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.56 to $25.7 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.

Content

Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan adopted on 8/15/2022, for purposes of settling taxes due upon the lapse of restricted stock units.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.56 to $25.7 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.