Douglas P. Buth - Feb 23, 2024 Form 4 Insider Report for Quad/Graphics, Inc. (QUAD)

Role: Director
Signature: /s/ Alexander N. Pyke as attorney-in-fact for Douglas P. Buth
Stock symbol: QUAD
Transactions as of: Feb 23, 2024
Transactions value $: -$172,645
Form type: 4
Date filed: 2/27/2024, 03:42 PM
Previous filing: Nov 20, 2023
Next filing: May 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUAD	Class A Common Stock	Disposed to Issuer	-$1.67K	-300	-0.17%	$5.56	174K	Feb 23, 2024	Direct
transaction	QUAD	Class A Common Stock	Disposed to Issuer	-$171K	-29.7K	-17.09%	$5.76	144K	Feb 27, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price in Column 4 is a weighted average price. The prices actually paid ranged from $5.50 to $6.10. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F2	Includes 60,059 shares attributable to deferred stock units and dividend equivalents. The deferred stock units were granted under the Quad/Graphics, Inc 2020 Omnibus Incentive Plan.

Content

The price in Column 4 is a weighted average price. The prices actually paid ranged from $5.50 to $6.10. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.

Includes 60,059 shares attributable to deferred stock units and dividend equivalents. The deferred stock units were granted under the Quad/Graphics, Inc 2020 Omnibus Incentive Plan.