Q2 Holdings counsel sells 636 shares for taxes
Q2 Holdings’ General Counsel had shares sold to cover RSU tax withholding and continues to hold over eighty thousand shares.
Rhea-AI Filing Summary
Q2 Holdings, Inc. (QTWO) reported that its General Counsel, Michael S. Kerr, had 636 shares of common stock sold on September 11, 2026 at $60.96 per share. According to the company, this issuer-mandated sale was executed solely to cover tax withholding on vested Restricted Stock Units and was not a discretionary trade. After this transaction, Kerr directly holds 80,739 shares of Q2 Holdings common stock, with no Rule 10b5-1 trading plan reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 636 shares
Net Sell
1 txn
Insider
Kerr Michael S
Role
General Counsel
Sold
636 shs ($39K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 636 | $60.96 | $39K |
Holdings After Transaction:
Common Stock — 80,739 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Shares sold: 636 shares
Sale price per share: $60.96 per share
Shares held after transaction: 80,739 shares
3 metrics
Shares sold
636 shares
Common stock sold on September 11, 2026
Sale price per share
$60.96 per share
Price for the 636 shares sold on September 11, 2026
Shares held after transaction
80,739 shares
Direct holdings of Michael S. Kerr following the sale
Key Terms
Restricted Stock Units, tax withholding obligations, discretionary trade
3 terms
Restricted Stock Units financial
"in connection with the vesting and settlement of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"sale by the Reporting Person to cover tax withholding obligations"
discretionary trade financial
"it does not represent a discretionary trade by the Reporting Person"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did QTWO disclose for General Counsel Michael S. Kerr?
QTWO disclosed that General Counsel Michael S. Kerr had 636 shares of common stock sold on September 11, 2026, in a transaction the company describes as issuer-mandated to satisfy tax withholding tied to vested Restricted Stock Units.
Was the QTWO insider sale by Michael S. Kerr a discretionary trade?
No. A footnote states the sale was an issuer-mandated sale to cover tax withholding obligations from the vesting and settlement of Restricted Stock Units and “does not represent a discretionary trade” by Michael S. Kerr.
Was Michael S. Kerr’s QTWO transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 plan. A footnote further explains that the sale was mandated by the issuer to satisfy tax withholding on Restricted Stock Units, not executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.