Kirk L. Coleman - Dec 10, 2024 Form 4 Insider Report for Q2 Holdings, Inc. (QTWO)

Role
President
Signature
/s/ M. Scott Kerr, attorney-in-fact
Stock symbol
QTWO
Transactions as of
Dec 10, 2024
Transactions value $
-$2,017,002
Form type
4
Date filed
12/12/2024, 06:55 PM
Previous filing
Jun 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTWO Common Stock Sale -$907K -8.56K -2.45% $106.00 341K Dec 10, 2024 Direct F1, F2
transaction QTWO Common Stock Sale $0 +7.17K +2.1% $0.00 348K Dec 11, 2024 Direct F2, F3
transaction QTWO Common Stock Sale -$1.11M -10.4K -3% $106.42 338K Dec 12, 2024 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person.
F2 These shares were sold in multiple transactions at the price $105.9995 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 shares received, in excess of the target number ("Target Amount") of shares previously reported on Form 4, upon the final vesting of performance-based restricted stock units originally granted on December 7, 2021 ("Units"). As previously disclosed, subject to continued employment, one-third (1/3) of the Target Amount of shares was scheduled to vest on the second anniversary and the remaining two-thirds (2/3) on the third anniversary. On the second year the number of Units that actually vested was to be up to one-third (1/3) of the Target Amount, and in the third year the number of Units that actually could vest would be up to 200% of the Target Amount, less the amount of any vesting in the second year, in each case depending upon the performance of Q2 Holdings, Inc.'s common stock price as compared to the Russell 2000 Index, as more specifically set forth in the grant agreement.
F4 These shares were sold in a single transaction at the price $106.42094 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.