Form 4: Q2 Holdings CRO Sells Shares in Routine Transactions

Q2 Holdings' Chief Revenue Officer, Michael A. Volanoski, reported sales of common stock totaling 9,300 shares through tax-related and 10b5-1 plan transactions.

Summary

• Michael A. Volanoski, Chief Revenue Officer of Q2 Holdings, Inc. (QTWO), reported two sales of common stock.
• On December 10, 2025, Volanoski sold 4,177 shares at a price of $73.68 per share.
• This sale was an issuer-mandated transaction to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs) and was not a discretionary trade.
• On December 12, 2025, Volanoski sold an additional 5,123 shares at a weighted average price of $75.46 per share, with prices ranging from $75.15 to $76.09.
• This second sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Volanoski on June 13, 2024.
• Following these transactions, Volanoski beneficially owns 166,512 shares of Q2 Holdings common stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (tax-related and 10b5-1 plan sales) which are generally neutral in sentiment. They do not indicate a change in company fundamentals or management's outlook.

Industry Context

This filing represents a routine insider transaction for a publicly traded technology company, specifically in the financial services sector, where executives often manage equity compensation through pre-arranged trading plans and tax-related sales.

Key Dates

Keywords

Q2 Holdings, QTWO, Insider Trading, Form 4, Stock Sale, Chief Revenue Officer, Michael A. Volanoski, 10b5-1 Plan, Restricted Stock Units, Tax Withholding