| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QTWO | Common Stock | Sale | -$727K | -22.3K | -4.97% | $32.59 | 426K | Sep 15, 2023 | By RHS Investments-I, L.P. | F1, F2, F3 |
| holding | QTWO | Common Stock | 335K | Sep 15, 2023 | Direct | ||||||
| holding | QTWO | Common Stock | 87.5K | Sep 15, 2023 | By family Trust | F4 | |||||
| holding | QTWO | Common Stock | 2.72K | Sep 15, 2023 | By Family Trust (2) | F5 | |||||
| holding | QTWO | Common Stock | 2.72K | Sep 15, 2023 | By Family Trust | F5 |
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).
| Id | Content |
|---|---|
| F1 | The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2022 |
| F2 | The price reported in Column 4 is a average price. These shares were sold in multiple transactions at prices ranging from $32.31 to $32.83 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 | Shares held by RHS Investments-I, L.P. Seale, Inc. is the general partner of RHS Investments-I, L.P. R.H. "Hank" Seale, III is the president of Seale, Inc. and has voting and dispositive power over the shares held by RHS Investments-I, L.P. |
| F4 | These shares are held in trust for the benefit of the spouse and children of the reporting person. The reporting person is trustee of the trust. |
| F5 | These shares are held in trust for the benefit of a child of the reporting person. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |