Form 4: Q2 Holdings Director Jeffrey T. Diehl Reports Stock Sales

Director Jeffrey T. Diehl reports the sale of Q2 Holdings, Inc. stock through associated funds over two days in late August 2024.

Summary

• Jeffrey T. Diehl, a director of Q2 Holdings, Inc., reported the sale of common stock through various Adams Street funds.
• On August 28, 2024, a total of 37,045 shares were sold at a weighted average price of $73.68, with individual transactions ranging from $73.13 to $74.46.
• On August 29, 2024, an additional 21,327 shares were sold at a weighted average price of $73.87, with individual transactions ranging from $73.05 to $74.35.
• The sales were executed by several Adams Street funds, including AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B.
• Following these transactions, the total number of shares beneficially owned by these funds is 316,463.
• Diehl disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
• Diehl may be deemed to share voting and dispositive power over the shares held by the Adams Street funds due to his position as a partner at Adams Street Partners, LLC.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock sales by a director through associated funds. It doesn't inherently indicate positive or negative sentiment about the company's prospects, but rather reflects portfolio management decisions by the funds.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The stock sales by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small volume of shares sold compared to the company's overall market capitalization.

Key Dates