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Filing Details

Accession Number:: 0001410384-24-000119
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-06-10 16:31:54
Reporting Period:: 2024-06-06

Accepted Time:: 2024-06-10 16:31:54
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	2024-06-06	34,434	$61.63	672,818	No	4	S	Indirect	By funds
Common Stock	Disposition	2024-06-07	34,825	$61.24	637,993	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 10,686 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 12,068 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 4,043 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 3,497 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 1,987 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 1,596 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 127 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 162 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 144 shares sold by Adams Street Partnership Fund-2009 U.S. Fund, L.P., or AS 2009 US, 101 shares sold by Adams Street Partnership Fund-2010 U.S. Fund, L.P., or AS 2010 US, and 23 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 $61.22 to $62.03 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 208,809 shares held by AS 2006, 235,802 shares held by AS 2007, 79,000 shares held by AS 2008, 68,329 shares held by AS 2009, 38,814 shares held by AS 2010, 31,183 shares held by AS 2011, 2,473 shares held by AS 2007 US, 3,172 shares held by AS 2008 US, 2,814 shares held by AS 2009 US, 1,982 shares held by AS 2010 US, and 440 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 10,807 shares sold by AS 2006, 12,205 shares sold by AS 2007, 4,089 shares sold by AS 2008, 3,537 shares sold by AS 2009, 2,009 shares sold by AS 2010, 1,614 shares sold by AS 2011, 128 shares sold by AS 2007 US, 164 shares sold by AS 2008 US, 146 shares sold by AS 2009 US, 103 shares sold by AS 2010 US, and 23 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 $61.00 to $61.84 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 198,002 shares held by AS 2006, 223,597 shares held by AS 2007, 74,911 shares held by AS 2008, 64,792 shares held by AS 2009, 36,805 shares held by AS 2010, 29,569 shares held by AS 2011, 2,345 shares held by AS 2007 US, 3,008 shares held by AS 2008 US, 2,668 shares held by AS 2009 US, 1,879 shares held by AS 2010 US, and 417 shares held by AS 2010 US Series B.
By agreement with AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, and AS 2011 (each as defined in footnote 4, and collectively, the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds.