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Filing Details

Accession Number:: 0001410384-24-000111
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-31 16:09:40
Reporting Period:: 2024-05-29

Accepted Time:: 2024-05-31 16:09:40
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1410384	Q2 Holdings Inc.	QTWO	Services-Prepackaged Software (7372)	202706637

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1597881	T Jeffrey Diehl	1 North Wacker Drive Suite 2700 Chicago IL 60606		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-05-29	27,248	$62.51	750,314	No	4	S	Indirect	By funds
Common Stock	Disposition	2024-05-30	26,272	$61.40	724,042	No	4	S	Indirect	By funds

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By funds
No	4	S	Indirect	By funds

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	40,662	Direct

Footnotes

Represents 8,457 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 9,550 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 3,199 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 2,767 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 1,572 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 1,263 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 100 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 128 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 114 shares sold by Adams Street Partnership Fund-2009 U.S. Fund, L.P., or AS 2009 US, 80 shares sold by Adams Street Partnership Fund-2010 U.S. Fund, L.P., or AS 2010 US, and 18 shares sold by Adams Street Partnership Fund-2010 U.S. Fund Series B, L.P., or AS 2010 US Series B.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.3 to $62.62 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Represents 232,858 shares held by AS 2006, 262,962 shares held by AS 2007, 88,099 shares held by AS 2008, 76,199 shares held by AS 2009, 43,286 shares held by AS 2010, 34,775 shares held by AS 2011, 2,759 shares held by AS 2007 US, 3,538 shares held by AS 2008 US, 3,138 shares held by AS 2009 US, 2,209 shares held by AS 2010 US, and 491 shares held by AS 2010 US Series B.
Jeffrey T. Diehl disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.
The shares owned by each of 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 may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. Jeffrey T. Diehl is a partner of Adams Street Partners, LLC (or a subsidiary thereof), and may be deemed to share voting and dispositive power over the shares held by 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.
Represents 8,152 shares sold by AS 2006, 9,208 shares sold by AS 2007, 3,085 shares sold by AS 2008, 2,668 shares sold by AS 2009, 1,516 shares sold by AS 2010, 1,218 shares sold by AS 2011, 97 shares sold by AS 2007 US, 124 shares sold by AS 2008 US, 110 shares sold by AS 2009 US, 77 shares sold by AS 2010 US, and 17 shares sold by AS 2010 US Series B.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00to $62.19 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Represents 224,706 shares held by AS 2006, 253,754 shares held by AS 2007, 85,014 shares held by AS 2008, 73,531 shares held by AS 2009, 41,770 shares held by AS 2010, 33,557 shares held by AS 2011, 2,662 shares held by AS 2007 US, 3,414 shares held by AS 2008 US, 3,028 shares held by AS 2009 US, 2,132 shares held by AS 2010 US, and 474 shares held by AS 2010 US Series B.
By agreement with AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, and AS 2011 (the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds.