Q2 Holdings, Inc. — Director's Dealing 2019

Jun 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Q2 Holdings, Inc. (QTWO)
CIK: 0001410384
Period of Report: 2019-06-11

Reporting Person: Diehl Jeffrey T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-11	Common Stock	A	2314	—	Acquired	8393	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1577562	Indirect

Footnotes

F1: Shares of stock acquired represent shares underlying Restricted Stock Units. The Restricted Stock Units vest in equal quarterly installments over one year beginning September 9, 2019.

F2: By agreement with Adams Street 2006 Direct Fund, L.P.(AS 2006), Adams Street 2007 Direct Fund, L.P.(AS 2007), Adams Street 2008 Direct Fund, L.P.(AS 2008), Adams Street 2009 Direct Fund, L.P.(AS 2009), Adams Street 2010 Direct Fund, L.P.(AS 2010), and Adams Street 2011 Direct Fund LP (AS 2011) (the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds.

F3: Represents 489,595 shares sold by AS 2006, 552,888 shares sold by AS 2007, 185,232 shares sold by AS 2008, 160,213 shares sold by AS 2009, 91,010 shares sold by AS 2010, 73,117 shares sold by AS 2011, 5,797 shares sold by Adams Street Partnership Fund - 2007 U.S. Fund, L.P.(AS 2007 US), 7,436 shares sold by Adams Street Partnership Fund - 2008 U.S. Fund, L.P.(AS 2008 US), 6,597 shares sold by Adams Street Partnership Fund - 2009 U.S. Fund, L.P.(AS 2009 US), 4,642 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund, L.P.(AS 2010 US), and 1,035 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund - Series B, L. P.(AS 2010 US Series B).

F4: Jeffrey T. Diehl disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.

F5: The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. Jeffrey T. Diehl is a partner of Adams Street Partners, LLC (or a subsidiary thereof), and may be deemed to share voting and dispositive power over the shares held by AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B.