4/A: Q2 Holdings Executive Jonathan Price Sells Shares to Cover Tax Obligations

Jonathan Price, EVP of Strategy & Emerging Business at Q2 Holdings, sold 1,752 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On March 13, 2024, Jonathan Price, EVP of Strategy & Emerging Business at Q2 Holdings, sold 1,752 shares of Q2 Holdings common stock at a price of $50.1 per share.
• The sale was mandated by the issuer to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units and was not a discretionary trade.
• Following the transaction, Price directly owns 237,079 shares of Q2 Holdings common stock.
• This Form 4/A is an amendment to a previous filing to update the amount of securities beneficially owned following reported transactions to reflect additional award shares acquired on March 7, 2024.
• The reported amount was also reduced by 4,895 units due to the forfeiture of unearned units under a Market Stock Unit Grant dated March 3, 2021, because the required performance measure (TSR relative to Russell 2000 Index) was not attained.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations. The forfeiture of units due to not meeting performance measures is a slightly negative factor, but not significantly impactful.

Negatives

• Jonathan Price sold 1,752 shares of Q2 Holdings.
• 4,895 units were forfeited due to failure to meet performance measures related to TSR relative to the Russell 2000 Index.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. It's important to consider the context of the sale, such as whether it's part of a pre-arranged trading plan or related to a specific event like the vesting of stock options.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates