Jeffrey T. Diehl - Aug 22, 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 22, 2024
Transactions value $
-$4,029,690
Form type
4
Date filed
8/26/2024, 04:23 PM
Previous filing
Aug 22, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Sale -$1.65M -22.6K -4.71% $72.86 458K Aug 22, 2024 By funds F1, F2, F3, F4, F5
transaction QTWO Common Stock Sale -$2.38M -31.9K -6.97% $74.70 426K Aug 23, 2024 By funds F4, F5, F6, F7, F8
holding QTWO Common Stock 44.5K Aug 22, 2024 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 7,017 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 7,925 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 2,655 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 2,297 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 1,305 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 1,048 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 83 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 107 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 95 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 $72.64 to $73.32 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 142,016 shares held by AS 2006, 160,374 shares held by AS 2007, 53,730 shares held by AS 2008, 46,471 shares held by AS 2009, 26,397 shares held by AS 2010, 21,208 shares held by AS 2011, 1,682 shares held by AS 2007 US, 2,157 shares held by AS 2008 US, 1,912 shares held by AS 2009 US, 1,348 shares held by AS 2010 US, and 300 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 9,897 shares sold by AS 2006, 11,176 shares sold by AS 2007, 3,744 shares sold by AS 2008, 3,238 shares sold by AS 2009, 1,840 shares sold by AS 2010, 1,478 shares sold by AS 2011, 117 shares sold by AS 2007 US, 150 shares sold by AS 2008 US, 133 shares sold by AS 2009 US, 94 shares sold by AS 2010 US, and 21 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 $72.69 to $75.47 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 132,119 shares held by AS 2006, 149,198 shares held by AS 2007, 49,986 shares held by AS 2008, 43,233 shares held by AS 2009, 24,557 shares held by AS 2010, 19,730 shares held by AS 2011, 1,565 shares held by AS 2007 US, 2007 shares held by AS 2008 US, 1,779 shares held by AS 2009 US, 1,254 shares held by AS 2010 US, and 279 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.