Jeffrey T. Diehl - Aug 30, 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 30, 2024
Transactions value $
-$2,686,421
Form type
4
Date filed
9/4/2024, 04:08 PM
Previous filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Sale -$2.69M -36.3K -11.46% $74.10 280K Aug 30, 2024 By funds F1, F2, F3, F4, F5
holding QTWO Common Stock 44.5K Aug 30, 2024 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 11,251 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 12,706 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 4,258 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 3,683 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 2,091 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 1,681 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 133 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 169 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 151 shares sold by Adams Street Partnership Fund-2009 U.S. Fund, L.P., or AS 2009 US, 108 shares sold by Adams Street Partnership Fund-2010 U.S. Fund, L.P., or AS 2010 US, and 23 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 $73.26 to $74.43 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 86,963 shares held by AS 2006, 98,205 shares held by AS 2007, 32,901 shares held by AS 2008, 28,456 shares held by AS 2009, 16,164 shares held by AS 2010, 12,986 shares held by AS 2011, 1,031 shares held by AS 2007 US, 1,322 shares held by AS 2008 US, 1,171 shares held by AS 2009 US, 825 shares held by AS 2010 US, and 185 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 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. Remarks: