Q2 Holdings (QTWO) officer sells shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Q2 Holdings, Inc. Chief Business Officer Kirk L. Coleman reported an open-market sale of 10,849 shares of common stock at a weighted average price of $51.35 per share. According to the disclosure, this sale was mandated by the issuer solely to cover tax withholding obligations from vested restricted stock units and was not a discretionary trade. After the transaction, Coleman directly held 251,808 Q2 Holdings shares, indicating he retained a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,849 shares ($557,096)
Net Sell
1 txn
Insider
Coleman Kirk L
Role
Chief Business Officer
Sold
10,849 shs ($557K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,849 | $51.35 | $557K |
Holdings After Transaction:
Common Stock — 251,808 shares (Direct)
Footnotes (1)
- The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.34 to $51.70 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.
FAQ
What insider transaction did Q2 Holdings (QTWO) report for Kirk L. Coleman?
Q2 Holdings reported that Chief Business Officer Kirk L. Coleman sold 10,849 shares of common stock. The transaction was linked to tax withholding on vested restricted stock units rather than a discretionary portfolio decision, according to the disclosure’s explanatory footnote.
Was the QTWO insider stock sale by Kirk L. Coleman a discretionary trade?
No, the sale was not discretionary. The filing states it was an issuer-mandated sale to cover tax withholding obligations from the vesting and settlement of restricted stock units, meaning Coleman did not choose the timing as an investment decision.