Filing Details

Accession Number:
0001410384-21-000044
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-03-10 18:36:25
Reporting Period:
2021-03-08
Accepted Time:
2021-03-10 18:36:25
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1410384 Q2 Holdings Inc. QTWO Services-Prepackaged Software (7372) 202706637
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1597609 E John Breeden 13785 Research Blvd.
Suite 150
Austin TX 78750
Chief Operating Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2021-03-08 14,172 $0.00 98,622 No 4 A Direct
Common Stock Disposition 2021-03-09 4,399 $110.92 94,223 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Footnotes
  1. 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 March 8, 2018 ("Units"). As previously disclosed, subject to continued employment, one-third (1/3) of the Target Amount of shares was scheduled to vest annually. In each of the first two years 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 first two years, 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.
  2. Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.
  3. Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.76 to $112.00 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.