John E. Breeden - Dec 21, 2023 Form 4 Insider Report for Q2 Holdings, Inc. (QTWO)

Role
Chief Operating Officer
Signature
/s/ M. Scott Kerr, attorney-in-fact
Stock symbol
QTWO
Transactions as of
Dec 21, 2023
Transactions value $
-$180,827
Form type
4
Date filed
12/22/2023, 04:10 PM
Previous filing
Mar 8, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Options Exercise $909K +25.4K +12.97% $35.80 221K Dec 21, 2023 Direct
transaction QTWO Common Stock Sale -$1.09M -25.4K -11.88% $42.92 188K Dec 21, 2023 Direct F1, F2, F3

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 -25.4K -100% $0.00* 0 Dec 21, 2023 Common Stock 25.4K $35.80 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported was effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on June 8, 2023 and modified on August 30, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.63 to $43.365 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 Reported amount reduced by 7,427 units as comparted to reporting person's prior Form 4 reflecting forfeiture by reporting person of unearned units under the Market Stock Unit Grant dated March 13, 2020, which was originally reported on Form 4 at the time of grant using the total target number of units. Forfeited units represent target units that were not earned due to failure to attain the required performance measure (TSR relative to Russell 2000 Index) on one or more of the performance measure dates as of the end of the final performance period for the grant.
F4 This option grant vested as to 1/4 of the total option grant on February 21, 2018, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.