Matthew P. Flake - Feb 2, 2024 Form 4 Insider Report for Q2 Holdings, Inc. (QTWO)

Role
Chief Executive Officer, Director
Signature
/s/ M. Scott Kerr, attorney-in-fact
Stock symbol
QTWO
Transactions as of
Feb 2, 2024
Transactions value $
-$538,447
Form type
4
Date filed
2/6/2024, 04:18 PM
Previous filing
Jan 24, 2024
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Options Exercise $1.68M +46.9K +9.91% $35.80 520K Feb 2, 2024 Direct
transaction QTWO Common Stock Sale -$1.98M -46.9K -9.02% $42.20 473K Feb 2, 2024 Direct F1, F2
transaction QTWO Common Stock Options Exercise $1.61M +45K +9.51% $35.80 518K Feb 5, 2024 Direct
transaction QTWO Common Stock Sale -$1.85M -45K -8.68% $41.09 473K Feb 5, 2024 Direct F1, 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 -46.9K -27.5% $0.00 124K Feb 2, 2024 Common Stock 46.9K $35.80 Direct F4
transaction QTWO Stock Option (right to buy) Options Exercise $0 -45K -36.36% $0.00 78.8K Feb 5, 2024 Common Stock 45K $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 16, 2023 and involves the exercise of options originally granted on February 17, 2017 and which expire on February 21, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.19 to $42.61 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.76 to $41.80 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.
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.