Q2 Holdings (QTWO) COO sells 1,793 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Q2 Holdings, Inc. Chief Operating Officer Mukkamala Himagiri K reported an issuer-mandated sale of 1,793 shares of common stock to cover tax withholding tied to vesting of restricted stock units. The weighted average sale price was about $49.75 per share, leaving him with 94,253 shares of directly held common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,793 shares ($89,202)
Net Sell
1 txn
Insider
Mukkamala Himagiri K
Role
Chief Operating Officer
Sold
1,793 shs ($89K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,793 | $49.75 | $89K |
Holdings After Transaction:
Common Stock — 94,253 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 $49.75 to $50.05 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 its COO?
Q2 Holdings reported that its Chief Operating Officer, Mukkamala Himagiri K, sold 1,793 shares of common stock. The sale was issuer-mandated solely to cover tax withholding obligations arising from the vesting and settlement of restricted stock units.
Was the QTWO COO’s recent stock sale a discretionary trade?
No, the sale was not discretionary. It was an issuer-mandated transaction executed to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units, rather than a voluntary open-market decision by the executive.