Kerr Michael S 4

What Happened
Michael S. Kerr, General Counsel of Q2 Holdings (QTWO), sold 397 shares on 2026-05-14 at $44.98 per share, generating proceeds of approximately $17,857. The Form 4 notes this was an issuer‑mandated sale to cover tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs), not a discretionary trade.

Key Details

• Transaction date: 2026-05-14; price: $44.98 per share; shares sold: 397; total ≈ $17,857.
• Transaction type: Sale (reported as open market or private sale).
• Footnote: Issuer‑mandated sale to cover tax withholding on RSU vesting (not a discretionary decision by the insider).
• Shares owned after transaction: Not provided in the supplied filing details.
• Filing date: 2026-05-14 (filed the same day; appears timely).
• Relevant codes: S = Sale; F (tax withholding) noted in footnote.

Context
Tax‑withholding sales after RSU vesting are routine administrative transactions and generally do not indicate the insider’s view on the company’s prospects. Purchases by insiders tend to be more informative for investor sentiment; this small, mandated sale is primarily a payroll/tax matter.