QTWO

SEC source: 0001410384-16-000348 · wf-form4_148114610411367.xml · nonDerivative · entry 3

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.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.60 to $29.35 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 2

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,237

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 · nonDerivative · entry 1

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,237

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: 0001410384-16-000346 · wf-form4_148097543466778.xml · derivative · entry 3

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,350

Underlying: Common Stock · 1,650 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.

F1 · 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: 0001410384-16-000346 · wf-form4_148097543466778.xml · nonDerivative · entry 2

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,791

SEC source: 0001410384-16-000346 · wf-form4_148097543466778.xml · nonDerivative · entry 1

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,273

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: 0001410384-16-000345 · wf-form4_148062981179239.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By funds

Disclosed balance after: 4,381,714

F1 · kind: Represents 156,405 shares sold by Adams Street 2006 Direct Fund, L.P. (AS 2006), 176,624 shares sold by Adams Street 2007 Direct Fund, L.P. (AS 2007), 59,174 shares sold by Adams Street 2008 Direct Fund, L.P. (AS 2008), 51,182 shares sold by Adams Street 2009 Direct Fund, L.P. (AS 2009), 29,074 shares sold by Adams Street 2010 Direct Fund, L.P. (AS 2010), 23,358 shares sold by Adams Street 2011 Direct Fund, L.P. (AS 2011), 951 shares sold by Adams Street Partnership Fund - 2007 U.S. Fund, L.P. (AS 2007 US), 1,219 shares sold by Adams Street Partnership Fund - 2008 U.S. Fund, L.P. (AS 2008 US), 1,082 shares sold by AS Adams Street Partnership Fund - 2009 U.S. Fund, L.P. (AS 2009 US), 761 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund, L.P. (AS 2010 US), and 170 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund - Series B, L.P. (AS 2010 US Series B).

F2 · balance_after: Represents 1,370,644 shares held by AS 2006, 1,547,836 shares held by AS 2007, 518,569 shares held by AS 2008, 448,525 shares held by AS 2009, 254,787 shares held by AS 2010, 204,696 shares held by AS 2011, 8,332 shares held by AS 2007 US, 10,687 shares held by AS 2008 US, 9,482 shares held by AS 2009 US, 6,671 shares held by AS 2010 US, and 1,485 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: 0000914760-16-000497 · 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: 204,696

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: 0000914760-16-000497 · 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: 254,787

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: 0000914760-16-000497 · 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: 448,525

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: 0000914760-16-000497 · 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: 518,569

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: 0000914760-16-000497 · 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: 1,547,836

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: 0000914760-16-000497 · 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: 1,370,644

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: 0000914760-16-000497 · 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: 1,485

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: 0000914760-16-000497 · 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: 6,671

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: 0000914760-16-000497 · 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: 9,482

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: 0000914760-16-000497 · 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: 10,687

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: 0000914760-16-000497 · 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: 8,332

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: 0001410384-16-000341 · wf-form4_148045826656534.xml · derivative · entry 3

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,295

Underlying: Common Stock · 1,127 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 October 9, 2013, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-16-000341 · wf-form4_148045826656534.xml · nonDerivative · entry 2

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,977

SEC source: 0001410384-16-000341 · wf-form4_148045826656534.xml · nonDerivative · entry 1

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,214

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: 0001410384-16-000340 · wf-form4_147985619142967.xml · nonDerivative · entry 1

Benton Barry G · CIK 0001597586 · SVP, General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,623

SEC source: 0001410384-16-000338 · wf-form4_147941953589466.xml · derivative · entry 5

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,844

Underlying: Common Stock · 5,034 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.

F4 · 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: 0001410384-16-000338 · wf-form4_147941953589466.xml · derivative · entry 4

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,034

Underlying: Common Stock · 4,966 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.

F3 · 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: 0001410384-16-000338 · wf-form4_147941953589466.xml · nonDerivative · entry 3

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,050

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 $29.575 to $30.60 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: 0001410384-16-000338 · wf-form4_147941953589466.xml · nonDerivative · entry 2

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,050

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: 0001410384-16-000338 · wf-form4_147941953589466.xml · nonDerivative · entry 1

Furrer William M · CIK 0001597593 · Chief Strategy Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,016

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: 0001410384-16-000339 · wf-form4_147941955071604.xml · derivative · entry 7

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 127,934

Underlying: Common Stock · 6,837 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.

F5 · 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: 0001410384-16-000339 · wf-form4_147941955071604.xml · derivative · entry 6

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,125

Underlying: Common Stock · 1,875 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.

F4 · derivative.exercise_date: This option grant 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: 0001410384-16-000339 · wf-form4_147941955071604.xml · derivative · entry 5

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,410

Underlying: Common Stock · 1,288 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.

F3 · derivative.exercise_date: This option grant vested as to 1/4 of the total option grant on May 8, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.

SEC source: 0001410384-16-000339 · wf-form4_147941955071604.xml · nonDerivative · entry 4

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,087

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 $30.675 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: 0001410384-16-000339 · wf-form4_147941955071604.xml · nonDerivative · entry 3

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,087

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: 0001410384-16-000339 · wf-form4_147941955071604.xml · nonDerivative · entry 2

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,250

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: 0001410384-16-000339 · wf-form4_147941955071604.xml · nonDerivative · entry 1

Soukup Stephen C · CIK 0001597610 · SVP, Sales

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,375

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: 0001410384-16-000336 · wf-form4_147924500191742.xml · nonDerivative · entry 1

Offerdahl James · CIK 0001490198 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,043

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

SEC source: 0001410384-16-000337 · wf-form4_147924502635033.xml · derivative · entry 3

Breeden John E · CIK 0001597609 · EVP, Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 103,750

Underlying: Common Stock · 15,000 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: 0001410384-16-000337 · wf-form4_147924502635033.xml · nonDerivative · entry 2

Breeden John E · CIK 0001597609 · EVP, Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,549

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 $29.75 to $31.70 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: 0001410384-16-000337 · wf-form4_147924502635033.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: 0001410384-16-000335 · wf-form4_147916203969676.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By funds

Disclosed balance after: 4,881,714

F1 · kind: Represents 3,418 shares received by Adams Street Partnership Fund - 2007 U.S. Fund, L.P. (AS 2007 US), 4,384 shares received by Adams Street Partnership Fund - 2008 U.S. Fund, L.P. (AS 2008 US), 3,889 shares received by Adams Street Partnership Fund - 2009 U.S. Fund, L.P. (AS 2009 US), 2,736 shares received by Adams Street Partnership Fund - 2010 U.S. Fund, L.P. (AS 2010 US), and 609 shares received by Adams Street Partnership Fund - 2010 U.S. Fund - Series B, L.P. (AS 2010 US Series B), in each case for no consideration as part of a pro-rata distribution of shares by a fund controlled by Battery Ventures.

F2 · balance_after: Represents 1,527,049 shares held by Adams Street 2006 Direct Fund, L.P. (AS 2006), 1,724,460 shares held by Adams Street 2007 Direct Fund, L.P. (AS 2007), 577,743 shares held by Adams Street 2008 Direct Fund, L.P. (AS 2008), 499,707 shares held by Adams Street 2009 Direct Fund, L.P. (AS 2009), 283,861 shares held by Adams Street 2010 Direct Fund, L.P. (AS 2010), 228,054 shares held by Adams Street 2011 Direct Fund LP (AS 2011), 9,283 shares held by AS 2007 US, 11,906 shares held by AS 2008 US, 10,564 shares held by AS 2009 US, 7,432 shares held by AS 2010 US, and 1,655 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: 0000914760-16-000488 · 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: 1,655

F1 · kind: Represents shares received for no consideration as part of a pro-rata distribution of shares by a fund controlled by Battery Ventures.

F6 · 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: 0000914760-16-000488 · 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: 7,432

F1 · kind: Represents shares received for no consideration as part of a pro-rata distribution of shares by a fund controlled by Battery Ventures.

F5 · 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: 0000914760-16-000488 · 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: 10,564

F1 · kind: Represents shares received for no consideration as part of a pro-rata distribution of shares by a fund controlled by Battery Ventures.

F4 · 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: 0000914760-16-000488 · 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: 11,906

F1 · kind: Represents shares received for no consideration as part of a pro-rata distribution of shares by a fund controlled by Battery Ventures.

F3 · 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: 0000914760-16-000488 · 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: 9,283

F1 · kind: Represents shares received for no consideration as part of a pro-rata distribution of shares by a fund controlled by Battery Ventures.

F2 · 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: 0001410384-16-000333 · wf-form4_147873059679274.xml · nonDerivative · entry 1

Schultz Lorrie · CIK 0001669228 · SVP, Marketing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,200

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.60 to $29.625 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: 0001410384-16-000321 · wf-form4_147639158066857.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: 3,542,454

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 $27.85 to $28.44 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.

F3 · 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: 0001410384-16-000320 · wf-form4_147587271165141.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 3,567,454

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

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.105 to $28.40 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.

F3 · 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: 0001410384-16-000320 · wf-form4_147587271165141.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 3,590,454

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

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.30 to $28.60 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.

F3 · 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: 0001410384-16-000320 · wf-form4_147587271165141.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: 3,630,954

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 $28.765 to $29.085 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.

F3 · 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: 0001410384-16-000319 · wf-form4_147569909284627.xml · derivative · entry 6

Anderson Adam D · CIK 0001597575 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,137

Underlying: Common Stock · 10,000 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.