QTWO

SEC source: 0001410384-17-000025 · wf-form4_148780388703137.xml · nonDerivative · entry 1

Flake Matthew P · CIK 0001597592 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 149,179

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.45 to $35.90 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.

SEC source: 0001410384-17-000024 · wf-form4_148780387036155.xml · nonDerivative · entry 1

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,016

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.30 to $36.05 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.

SEC source: 0001410384-17-000023 · wf-form4_148780385267901.xml · nonDerivative · entry 1

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,075

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.25 to $36.05 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.

SEC source: 0001410384-17-000022 · wf-form4_148780383585834.xml · nonDerivative · entry 1

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,075

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.25 to $36.05 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.

SEC source: 0001410384-17-000021 · wf-form4_148780380616779.xml · nonDerivative · entry 1

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,832

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.25 to $36.05 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.

SEC source: 0001410384-17-000014 · wf-form4_148736895808847.xml · nonDerivative · entry 1

Offerdahl James · CIK 0001490198 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,043

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.40 to $32.85 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.

SEC source: 0001410384-17-000004 · wf-form4_148557024355072.xml · derivative · entry 3

Breeden John E · CIK 0001597609 · EVP, Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96,250

Underlying: Common Stock · 7,500 shares

Expires 2021-01-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on January 24, 2016, and thereafter as to 1/32 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-17-000004 · wf-form4_148557024355072.xml · nonDerivative · entry 2

Breeden John E · CIK 0001597609 · EVP, Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,049

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.60 to $33.20 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.

SEC source: 0001410384-17-000004 · wf-form4_148557024355072.xml · nonDerivative · entry 1

Breeden John E · CIK 0001597609 · EVP, Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,549

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-17-000003 · wf-form4_148486991805510.xml · nonDerivative · entry 1

Offerdahl James · CIK 0001490198 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,043

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.55 to $29.70 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.

SEC source: 0001410384-17-000002 · wf-form4_148417557175415.xml · derivative · entry 3

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,475

Underlying: Common Stock · 8,875 shares

Expires 2021-01-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: This option vested as to 1/4 of the total option grant on January 24, 2016, and thereafter as to 1/32 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-17-000002 · wf-form4_148417557175415.xml · nonDerivative · entry 2

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,791

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.55 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.

SEC source: 0001410384-17-000002 · wf-form4_148417557175415.xml · nonDerivative · entry 1

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,666

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-17-000001 · wf-form4_148400360302696.xml · derivative · entry 5

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 153,324

Underlying: Common Stock · 4,618 shares

Expires 2021-01-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on January 24, 2015, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-17-000001 · wf-form4_148400360302696.xml · derivative · entry 4

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,792

Underlying: Common Stock · 5,382 shares

Expires 2020-05-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on March 18, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-17-000001 · wf-form4_148400360302696.xml · nonDerivative · entry 3

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,350

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

SEC source: 0001410384-17-000001 · wf-form4_148400360302696.xml · nonDerivative · entry 2

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,350

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-17-000001 · wf-form4_148400360302696.xml · nonDerivative · entry 1

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,732

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-16-000370 · wf-form4_148296121786597.xml · derivative · entry 3

Schaper Carl James · CIK 0001554311 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 115,770

Underlying: Common Stock · 20,000 shares

Expires 2020-11-21

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: This option vested as to 1/4 of the total option grant on November 21, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-16-000370 · wf-form4_148296121786597.xml · nonDerivative · entry 2

Schaper Carl James · CIK 0001554311 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,110

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.75 to $29.15 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.

SEC source: 0001410384-16-000370 · wf-form4_148296121786597.xml · nonDerivative · entry 1

Schaper Carl James · CIK 0001554311 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,110

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-16-000369 · wf-form4_148183757763639.xml · nonDerivative · entry 2

Seale R. H. · CIK 0001597947 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By The Seale Foundation

Disclosed balance after: 50,000

F1 · kind: This transaction involved a charitable contribution by RHS Investments-I, LP to The Seale Foundation, a family foundation. The reporting person disclaims beneficial ownership of the shares held by The Seale Foundation, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of the foundation's shares for purposes of Section 16 or for any other purpose.

F3 · ownership.nature: R.H. "Hank" Seale, III is the President of The Seale Foundation and has voting and dispositive power over the shares held by The Seale Foundation. The reporting person disclaims beneficial ownership of the shares held by The Seale Foundation, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of the foundation's shares for purposes of Section 16 or for any other purpose.

SEC source: 0001410384-16-000369 · wf-form4_148183757763639.xml · nonDerivative · entry 1

Seale R. H. · CIK 0001597947 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By RHS Investments-I, L.P.

Disclosed balance after: 3,492,454

F1 · kind: This transaction involved a charitable contribution by RHS Investments-I, LP to The Seale Foundation, a family foundation. The reporting person disclaims beneficial ownership of the shares held by The Seale Foundation, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of the foundation's shares for purposes of Section 16 or for any other purpose.

F2 · ownership.nature: Shares held by RHS Investments-I, L.P. Seale, Inc. is the general partner of RHS Investments-I, L.P. R.H. "Hank" Seale, III is the president of Seale, Inc. and has voting and dispositive power over the shares held by RHS Investments-I, L.P.

SEC source: 0001410384-16-000368 · wf-form4_148175083041924.xml · nonDerivative · entry 1

Schaper Carl James · CIK 0001554311 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,110

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

SEC source: 0001410384-16-000367 · wf-form4_148175081351259.xml · derivative · entry 3

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,000

Underlying: Common Stock · 16,034 shares

Expires 2020-05-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on February 1, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-16-000367 · wf-form4_148175081351259.xml · nonDerivative · entry 2

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,282

SEC source: 0001410384-16-000367 · wf-form4_148175081351259.xml · nonDerivative · entry 1

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,084

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-16-000366 · wf-form4_148175078981264.xml · nonDerivative · entry 1

DOYLE CHARLES T · CIK 0001192944 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 847

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 11

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 193,017

F11 · ownership.nature: Represents shares held directly by Adams Street 2011 Direct Fund LP ("2011 Direct"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of 2011 Direct, may be deemed to beneficially own the shares held by 2011 Direct. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by 2011 Direct. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by 2011 Direct except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 10

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 240,250

F10 · ownership.nature: Represents shares held directly by Adams Street 2010 Direct Fund, L.P. ("2010 Direct"). Adams Street Partners, LLC, as the managing member of the general partner of 2010 Direct, may be deemed to beneficially own the shares held by 2010 Direct. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by 2010 Direct. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by 2010 Direct except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 9

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 422,934

F9 · ownership.nature: Represents shares held directly by Adams Street 2009 Direct Fund, L.P. ("2009 Direct"). Adams Street Partners, LLC, as the managing member of the general partner of 2009 Direct, may be deemed to beneficially own the shares held by 2009 Direct. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by 2009 Direct. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by 2009 Direct except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 8

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 488,982

F8 · ownership.nature: Represents shares held directly by Adams Street 2008 Direct Fund, L.P. ("2008 Direct"). Adams Street Partners, LLC, as the managing member of the general partner of 2008 Direct, may be deemed to beneficially own the shares held by 2008 Direct. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by 2008 Direct. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by 2008 Direct except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 7

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,459,524

F7 · ownership.nature: Represents shares held directly by Adams Street 2007 Direct Fund, L.P. ("2007 Direct"). Adams Street Partners, LLC, as the managing member of the general partner of 2007 Direct, may be deemed to beneficially own the shares held by 2007 Direct. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by 2007 Direct. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by 2007 Direct except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 6

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,292,441

F6 · ownership.nature: Represents shares held directly by Adams Street 2006 Direct Fund, L.P. ("2006 Direct"). Adams Street Partners, LLC, as the managing member of the general partner of 2006 Direct, may be deemed to beneficially own the shares held by 2006 Direct. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by 2006 Direct. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by 2006 Direct except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 5

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,401

F5 · ownership.nature: Represents shares held directly by Adams Street Partnership Fund - 2010 U.S. Fund - Series B, L.P. ("AS 2010 US Series B"). Adams Street Partners, LLC, as the general partner of AS 2010 US Series B, may be deemed to beneficially own the shares held by AS 2010 US Series B. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2010 US Series B. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by AS 2010 US Series B except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 4

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Foornote

Disclosed balance after: 6,290

F4 · ownership.nature: Represents shares held directly by Adams Street Partnership Fund - 2010 U.S. Fund, L.P. ("AS 2010 US"). Adams Street Partners, LLC, as the general partner of AS 2010 US, may be deemed to beneficially own the shares held by AS 2010 US. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2010 US. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by AS 2010 US except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 3

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 8,941

F3 · ownership.nature: Represents shares held directly by Adams Street Partnership Fund - 2009 U.S. Fund, L.P. ("AS 2009 US"). Adams Street Partners, LLC, as the general partner of AS 2009 US, may be deemed to beneficially own the shares held by AS 2009 US. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2009 US. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by AS 2009 US except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 2

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,077

F2 · ownership.nature: Represents shares held directly by Adams Street Partnership Fund - 2008 U.S. Fund, L.P. ("AS 2008 US"). Adams Street Partners, LLC, as the general partner of AS 2008 US, may be deemed to beneficially own the shares held by AS 2008 US. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2008 US. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by AS 2008 US except to the extent of their pecuniary interest therein.

SEC source: 0000914760-16-000501 · formfour.xml · nonDerivative · entry 1

ADAMS STREET PARTNERS LLC · CIK 0001193586 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 7,857

F1 · ownership.nature: Represents shares held directly by Adams Street Partnership Fund - 2007 U.S. Fund, L.P. ("AS 2007 US"). Adams Street Partners, LLC, as the general partner of AS 2007 US, may be deemed to beneficially own the shares held by AS 2007 US. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2007 US. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by AS 2007 US except to the extent of their pecuniary interest therein.

SEC source: 0001410384-16-000365 · wf-form4_148175077460663.xml · nonDerivative · entry 1

Diehl Jeffrey T · CIK 0001597881 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By funds

Disclosed balance after: 4,131,714

F1 · kind: Represents 78,203 shares sold by Adams Street 2006 Direct Fund, L.P. (AS 2006), 88,312 shares sold by Adams Street 2007 Direct Fund, L.P. (AS 2007), 29,587 shares sold by Adams Street 2008 Direct Fund, L.P. (AS 2008), 25,591 shares sold by Adams Street 2009 Direct Fund, L.P. (AS 2009), 14,537 shares sold by Adams Street 2010 Direct Fund, L.P. (AS 2010), 11,679 shares sold by Adams Street 2011 Direct Fund LP (AS 2011), 475 shares sold by Adams Street Partnership Fund - 2007 U.S. Fund, L.P. (AS 2007 US), 610 shares sold by Adams Street Partnership Fund - 2008 U.S. Fund, L.P. (AS 2008 US), 541 shares sold by Adams Street Partnership Fund - 2009 U.S. Fund, L.P. (AS 2009 US), 381 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund, L.P. (AS 2010 US), and 84 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund - Series B, L.P. (AS 2010 US Series B).

F2 · balance_after: Represents 1,292,441 shares held by AS 2006, 1,459,524 shares held by AS 2007, 488,982 shares held by AS 2008, 422,934 shares held by AS 2009, 240,250 shares held by AS 2010, 193,017 shares held by AS 2011, 7,857 shares held by AS 2007 US, 10,077 shares held by AS 2008 US, 8,941 shares held by AS 2009 US, 6,290 shares held by AS 2010 US, and 1,401 shares held by AS 2010 US Series B.

F3 · ownership.direct: Jeffrey T. Diehl disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.

F4 · ownership.nature: 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.

SEC source: 0001410384-16-000364 · wf-form4_148166471930852.xml · nonDerivative · entry 1

Seale R. H. · CIK 0001597947 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 379,615

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F2 · shares: Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

SEC source: 0001410384-16-000348 · wf-form4_148114610411367.xml · derivative · entry 8

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Common Stock · 15,000 shares

Expires 2021-12-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on December 7, 2012, and thereafter as to 1/48 of the total option grant monthly. The option becomes exercisable as it vests.

SEC source: 0001410384-16-000348 · wf-form4_148114610411367.xml · nonDerivative · entry 5

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,100

F1 · kind: Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.65 to $30.05 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.

SEC source: 0001410384-16-000348 · wf-form4_148114610411367.xml · nonDerivative · entry 4

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,100

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-16-000359 · wf-form4_148124178492123.xml · derivative · entry 2

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,174

Underlying: Common Stock · 5,000 shares

Expires 2020-05-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on March 18, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-16-000359 · wf-form4_148124178492123.xml · nonDerivative · entry 1

Harris Jennifer Noel · CIK 0001597649 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,350

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-16-000347 · wf-form4_148106445651607.xml · derivative · entry 2

Breeden John E · CIK 0001597609 · EVP, Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,467

Underlying: Common Stock · 7,500 shares

Expires 2019-11-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on November 7, 2013, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-16-000347 · wf-form4_148106445651607.xml · nonDerivative · entry 1

Breeden John E · CIK 0001597609 · EVP, Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,049

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001410384-16-000348 · wf-form4_148114610411367.xml · derivative · entry 7

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,000

Underlying: Common Stock · 10,000 shares

Expires 2021-12-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on December 7, 2012, and thereafter as to 1/48 of the total option grant monthly. The option becomes exercisable as it vests.

SEC source: 0001410384-16-000348 · wf-form4_148114610411367.xml · derivative · entry 6

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,137 shares

Expires 2018-12-12

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on December 12, 2009, and thereafter as to 1/48 of the total option grant monthly. The option becomes exercisable as it vests.