---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-23-000046"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:20:22.966708+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Q2 repurchases $171.3M aggregate principal of convertible notes; terminates related capped calls

## Summary
- Settled repurchase of $159.0M principal of 0.125% Convertible Senior Notes due 2025 for $138.4M cash.
- Settled repurchase of $12.3M principal of 0.75% Convertible Senior Notes due 2026 for $10.7M cash.
- After settlement, $191M of 2025 Notes and $304M of 2026 Notes remain outstanding with terms unchanged.
- Terminated a portion of capped call transactions; expects ~$0.7M net proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0001410384-23-000046
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000046/0001410384-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000046/qtwo-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-23-000046
- JSON: https://secwatch.observer/filing/0001410384-23-000046.json
- Plain text: https://secwatch.observer/filing/0001410384-23-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.