Form 4: Q2 Holdings Chief Delivery Officer Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan
SEC Form 4
John E. Breeden, Chief Delivery Officer of Q2 Holdings, Inc., sold shares of common stock on March 4th and 5th, 2025, to cover tax withholding obligations and under a pre-arranged Rule 10b5-1 trading plan.
Summary
- John E. Breeden, the Chief Delivery Officer of Q2 Holdings, Inc., reported the sale of company stock.
- On March 4, 2025, Breeden sold 23,157 shares of common stock at a weighted average price of $80.89.
- These sales were mandated by the issuer to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units.
- On March 5, 2025, Breeden sold 35,306 shares of common stock at a weighted average price of $80.46.
- These sales were executed under a Rule 10b5-1 trading plan adopted on June 10, 2024.
- Following these transactions, Breeden directly owns 141,996 shares of Q2 Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales for tax obligations and under a pre-existing trading plan, which is a routine event.
Industry Context
Insider sales are a common occurrence, and these sales appear to be related to tax obligations and a pre-arranged trading plan, which is a standard practice to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the reasons for the sales.
Key Dates
| Date | Description |
|---|---|
| 2024-06-10 | Date the reporting person adopted a Rule 10b5-l trading plan |
| 2025-03-04 | Date of first reported transaction: Sale of 23,157 shares. |
| 2025-03-05 | Date of second reported transaction: Sale of 35,306 shares. |
| 2025-03-06 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Sale, Q2 Holdings, QTWO, John E. Breeden, Rule 10b5-1, Chief Delivery Officer
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