Quad/Graphics files notice to sell 20,000 Class A shares

Quad/Graphics, Inc. filed a notice under Form 144 reporting a proposed sale of 20,000 shares of Class A Common Stock.

Rhea-AI Filing Summary

Quad/Graphics, Inc. filed a notice under Form 144 reporting a proposed sale of 20,000 shares of Class A Common Stock.

The filing lists Robert W. Baird & Co. as the broker, an aggregate amount of $140,600.00, and a date of 02/23/2026. The excerpt also lists equity compensation DSU settlements of 12,387, 5,714, and 1,899 shares with respective settlement dates shown.

Insights

Securities Compliance Counsel

Form 144 notice for a proposed sale of 20,000 Class A shares was filed.

The filing lists the broker Robert W. Baird & Co., an aggregate dollar figure of $140,600.00, and an execution date of 02/23/2026. This is a regulatory notice required for certain insider/resale transactions.

Timing and the final execution of any sale depend on market activity and holder decisions; subsequent Form 4 or Form 5 filings may report completed transactions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the QUAD Form 144 report?

The report notifies a proposed sale of 20,000 Class A shares. It lists Robert W. Baird & Co., an aggregate amount of $140,600.00, and the date 02/23/2026.

Who is the broker named on the Form 144 for QUAD?

The filing names Robert W. Baird & Co. as the broker. The broker is listed alongside the proposed sale of 20,000 Class A shares on 02/23/2026.

Does the filing show how the seller acquired these QUAD shares?

The excerpt lists DSU settlement entries showing equity compensation of 12,387, 5,714, and 1,899 shares with settlement dates, indicating some shares arose from DSU settlements.

Is the aggregate dollar value of the proposed QUAD sale stated?

Yes; the excerpt shows an aggregate amount of $140,600.00 associated with the proposed sale of 20,000 Class A shares on 02/23/2026.

Does this Form 144 mean the shares have already been sold?

No; Form 144 is a notice of a proposed sale. The filing lists the proposed 20,000 shares and date 02/23/2026, but completion would be reported separately if executed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/23/2026 - 07:18 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001495364
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Quad/Graphics, Inc.
SEC File Number	001-34806
Address of Issuer	N61 W23044 HARRY'S WAY SUSSEX WISCONSIN 53089-3995
Phone	414-566-6000
Name of Person for Whose Account the Securities are To Be Sold	Buth Douglas P
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Robert W. Baird & Co. 777 East Wisconsin Avenue Milwaukee WI 53202	20000	140600.00	39001790	02/23/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	01/01/2024	DSU Settlement	Quad/Graphics, Inc.			12387	01/01/2024	Equity compensation
Class A Common Stock	01/01/2024	DSU Settlement	Quad/Graphics, Inc.			5714	01/01/2024	Equity compensation
Class A Common Stock	05/23/2024	DSU Settlement	Quad/Graphics, Inc.			1899	05/23/2024	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	02/23/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Alexander N. Pyke, as attorney-in-fact for Douglas P. Buth
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)