Douglas P. Buth - 23 Feb 2026 Form 4 Insider Report for Quad/Graphics, Inc. (QUAD)

Role: Director
Signature: /s/ Alexander N. Pyke as attorney-in-fact for Douglas P. Buth
Issuer symbol: QUAD
Transactions as of: 23 Feb 2026
Net transactions value: -$140,426
Form type: 4
Filing time: 24 Feb 2026, 10:20:04 UTC
Previous filing: 23 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Buth Douglas P	Director	C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX	/s/ Alexander N. Pyke as attorney-in-fact for Douglas P. Buth	24 Feb 2026	0001495364

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUAD	Class A Common Stock	Disposed to Issuer	$140,426	-20,000	-12%	$7.02	146,013	23 Feb 2026	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price in column 4 is a weighted average price. The prices actually received ranged from $7.00 to $7.10 per share. The reporting person has provided the issuer, and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4, utilizing an average weighted price.
F2	Includes 49,850 shares attributable to deferred stock units and dividend equivalents. The deferred stock units were granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plans.

Content

The price in column 4 is a weighted average price. The prices actually received ranged from $7.00 to $7.10 per share. The reporting person has provided the issuer, and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4, utilizing an average weighted price.

Includes 49,850 shares attributable to deferred stock units and dividend equivalents. The deferred stock units were granted under the Quad/Graphics, Inc. 2020 Omnibus Incentive Plans.