QTWO Insider Sale: Coleman Kirk Disposes 39,508 Shares via 10b5-1 Plan

Rhea-AI Filing Summary

Coleman Kirk, President of Q2 Holdings, Inc. (QTWO), reported the sale of 39,508 shares of the company's common stock on 09/08/2025 under a Rule 10b5-1 trading plan adopted November 22, 2024. The reported weighted-average sale price was $80.93, with individual trade prices ranging from $80.02 to $82.07. After the reported dispositions, the filing shows 277,687 shares beneficially owned by Mr. Kirk. The Form 4 was executed by an attorney-in-fact and dated 09/09/2025.

Positive

• Sale executed under a Rule 10b5-1 trading plan, which provides an established framework for pre-scheduled insider transactions.
• Clear disclosure of weighted-average price and price range ($80.93 weighted average; $80.02 to $82.07 range), enhancing transparency.
• Filing reports remaining beneficial ownership (277,687 shares), allowing investors to gauge post-transaction insider stake.

Negative

• Reduction in insider holdings by 39,508 shares is material in absolute terms and reduces the reporting person’s stake.
• Form 4 reflects only a sale; no context in the filing about purpose of sale or pro rata significance versus total outstanding shares.

Insights

Corporate Governance Expert

TL;DR: An officer sale executed under a pre-established 10b5-1 plan; disclosure meets routine governance expectations.

The Form 4 discloses an officer-level disposition consistent with a previously adopted Rule 10b5-1 trading plan, which typically provides an affirmative defense against insider trading allegations when properly implemented. The filing transparently reports the weighted-average price and the remaining beneficial ownership. For governance purposes, this is a standard, compliant disclosure that reduces potential questions about opportunistic timing, since the trades were made under a documented plan.

Securities Analyst

TL;DR: Insider sold 39,508 shares at a weighted average of $80.93; remaining stake of 277,687 shares reported.

From a market-data perspective, the transaction size and price range are explicitly disclosed. The sale was executed via multiple trades priced between $80.02 and $82.07 and aggregated to a weighted average of $80.93. The disclosure gives clear, verifiable figures that allow analysts to quantify the change in insider holdings without needing inference. No derivative transactions are reported on this Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Coleman Kirk L

(Last) (First) (Middle)

10355 PECAN PARK BLVD

(Street)

AUSTIN TX 78729

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Q2 Holdings, Inc. [ QTWO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/08/2025		S(1)		39,508	D	$80.93(2)	277,687	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported was effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on November 22, 2024

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.02 to $82.07 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.

Remarks:

	/s/ M. Scott Kerr, attorney-in-fact	09/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What shares did Coleman Kirk sell in the Form 4 for QTWO?

The filing reports the sale of 39,508 shares of Q2 Holdings common stock on 09/08/2025.

At what price were the QTWO shares sold by Coleman Kirk?

The reported weighted-average price was $80.93; individual trades ranged from $80.02 to $82.07.

Was the QTWO sale by Coleman Kirk executed under a 10b5-1 plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted November 22, 2024.

How many QTWO shares does Coleman Kirk beneficially own after the sale?

The Form 4 reports 277,687 shares beneficially owned following the reported transaction.

When was the Form 4 for Coleman Kirk signed and who signed it?

The signature on the filing is /s/ M. Scott Kerr, attorney-in-fact and is dated 09/09/2025.