4/A: Q2 Holdings Chief Revenue Officer Michael Volanoski Amends Form 4 After Stock Sales

Michael Volanoski, Chief Revenue Officer of Q2 Holdings, Inc., amended a Form 4 filing to correct the number of shares sold and update the remaining share balance after multiple transactions.

Summary

• Michael Volanoski, the Chief Revenue Officer of Q2 Holdings, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects the number of shares sold on June 11, 2024, and updates the resulting share balance.
• Volanoski sold shares of common stock on June 10, 11, and 12, 2024, at prices ranging from $60.26 to $61.38.
• The sales on June 10th involved 1,166 shares at $61.26.
• The sales on June 11th involved 2,815 shares at $60.26.
• The sales on June 12th involved 3,440 shares at $61.07.
• Following these transactions, Volanoski directly owns 233,221 shares of Q2 Holdings, Inc.
• One sale was mandated by the issuer to cover tax withholding obligations related to the vesting of Restricted Stock Units.
• Another sale was effected pursuant to a Rule 10b5-1 trading plan adopted on June 14, 2023.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock sales by an executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Executive stock sales are a common occurrence, and this filing provides transparency into the transactions of a key executive at Q2 Holdings.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key executive.
• The market may react to the stock sales, although the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates