Jeffrey T. Diehl - Aug 16, 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
Aug 16, 2024
Transactions value $
-$3,444,281
Form type
4
Date filed
8/20/2024, 04:06 PM
Previous filing
Aug 19, 2024
Next filing
Aug 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Sale -$1.64M -22.9K -3.95% $71.79 557K Aug 16, 2024 By funds F1, F2, F3, F4, F5
transaction QTWO Common Stock Sale -$1.8M -24.8K -4.46% $72.49 532K Aug 19, 2024 By funds F4, F5, F6, F7, F8
holding QTWO Common Stock 44.5K Aug 16, 2024 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 7,107 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 8,025 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 2,689 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 2,326 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 1,321 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 1,061 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 84 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 108 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 96 shares sold by Adams Street Partnership Fund-2009 U.S. Fund, L.P., or AS 2009 US, 67 shares sold by Adams Street Partnership Fund-2010 U.S. Fund, L.P., or AS 2010 US, and 15 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 $71.22 to $72.10 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 172,961 shares held by AS 2006, 195,321 shares held by AS 2007, 65,438 shares held by AS 2008, 56,598 shares held by AS 2009, 32,150 shares held by AS 2010, 25,830 shares held by AS 2011, 2,048 shares held by AS 2007 US, 2,627 shares held by AS 2008 US, 2,330 shares held by AS 2009 US, 1,642 shares held by AS 2010 US, and 365 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 7,709 shares sold by AS 2006, 8,704 shares sold by AS 2007, 2,916 shares sold by AS 2008, 2,522 shares sold by AS 2009, 1,433 shares sold by AS 2010, 1,151 shares sold by AS 2011, 91 shares sold by AS 2007 US, 117 shares sold by AS 2008 US, 104 shares sold by AS 2009 US, 73 shares sold by AS 2010 US, and 16 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 $71.65 to $72.90 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 165,252 shares held by AS 2006, 186,617 shares held by AS 2007, 62,522 shares held by AS 2008, 54,076 shares held by AS 2009, 30,717 shares held by AS 2010, 24,679 shares held by AS 2011, 1,957 shares held by AS 2007 US, 2,510 shares held by AS 2008 US, 2,226 shares held by AS 2009 US, 1,569 shares held by AS 2010 US, and 349 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 1, and collectively, the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds.