Jeffrey T. Diehl - Jun 4, 2024 Form 4 Insider Report for Q2 Holdings, Inc. (QTWO)

Role
Director
Signature
/s/ M. Scott Kerr, attorney-in-fact
Stock symbol
QTWO
Transactions as of
Jun 4, 2024
Transactions value $
-$912,882
Form type
4
Date filed
6/6/2024, 04:16 PM
Previous filing
Jun 4, 2024
Next filing
Jun 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Sale -$61.9K -1.02K -0.14% $61.00 721K Jun 4, 2024 By funds F1, F2, F3, F4, F5
transaction QTWO Common Stock Sale -$851K -13.9K -1.93% $61.08 707K Jun 5, 2024 By funds F4, F5, F6, F7, F8
holding QTWO Common Stock 40.7K Jun 4, 2024 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 314 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 356 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 119 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 103 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 59 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 47 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 4 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 5 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 4 shares sold by Adams Street Partnership Fund-2009 U.S. Fund, L.P., or AS 2009 US, 3 shares sold by Adams Street Partnership Fund-2010 U.S. Fund, L.P., or AS 2010 US, and 1 shares sold by Adams Street Partnership Fund-2010 U.S. Fund Series B, L.P., or AS 2010 US Series B.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.01 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 Represents 223,819 shares held by AS 2006, 252,752 shares held by AS 2007, 84,679 shares held by AS 2008, 73,241 shares held by AS 2009, 41,605 shares held by AS 2010, 33,425 shares held by AS 2011, 2,651 shares held by AS 2007 US, 3,400 shares held by AS 2008 US, 3,016 shares held by AS 2009 US, 2,124 shares held by AS 2010 US, and 472 shares held by AS 2010 US Series B.
F4 Jeffrey T. Diehl disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.
F5 The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. Jeffrey T. Diehl is a partner of Adams Street Partners, LLC (or a subsidiary thereof), and may be deemed to share voting and dispositive power over the shares held by AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B.
F6 Represents 4,324 shares sold by AS 2006, 4,882 shares sold by AS 2007, 1,636 shares sold by AS 2008, 1,415 shares sold by AS 2009, 804 shares sold by AS 2010, 646 shares sold by AS 2011, 51 shares sold by AS 2007 US, 66 shares sold by AS 2008 US, 58 shares sold by AS 2009 US, 41 shares sold by AS 2010 US, and 9 shares sold by AS 2010 US Series B.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.42 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.
F8 Represents 219,495 shares held by AS 2006, 247,870 shares held by AS 2007, 83,043 shares held by AS 2008, 71,826 shares held by AS 2009, 40,801 shares held by AS 2010, 32,779 shares held by AS 2011, 2,600 shares held by AS 2007 US, 3,334 shares held by AS 2008 US, 2,958 shares held by AS 2009 US, 2,083 shares held by AS 2010 US, and 463 shares held by AS 2010 US Series B.
F9 By agreement with AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, and AS 2011 (each as defined in footnote 4, and collectively, the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds.