J. Joel Quadracci - Mar 1, 2025 Form 4 Insider Report for Quad/Graphics, Inc. (QUAD)

Role: Chairman, Pres & CEO, Director
Signature: /s/ Alexander N. Pyke, attorney-in-fact for J. Joel Quadracci
Stock symbol: QUAD
Transactions as of: Mar 1, 2025
Transactions value $: -$1,093,825
Form type: 4
Date filed: 3/4/2025, 10:59 AM
Previous filing: Feb 14, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUAD	Class A Common Stock	Tax liability	-$1.09M	-174K	-7.41%	$6.28	2.18M	Mar 1, 2025	Direct	F1
holding	QUAD	Class A Common Stock						4.24K	Mar 1, 2025	By 401(a) Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	QUAD	Class B Common Stock						229K	Mar 1, 2025	Class A Common Stock	229K		Direct	F3
holding	QUAD	Class B Common Stock						2.35K	Mar 1, 2025	Class A Common Stock	2.35K		As Trustee - AQH Tr	F3, F4
holding	QUAD	Class B Common Stock						2.35K	Mar 1, 2025	Class A Common Stock	2.35K		As Trustee - EQH Tr	F3, F5
holding	QUAD	Class B Common Stock						120K	Mar 1, 2025	Class A Common Stock	120K		As Trustee - HVQ For Joel	F3, F6
holding	QUAD	Class B Common Stock						2.35K	Mar 1, 2025	Class A Common Stock	2.35K		As Trustee - KBH Tr	F3, F7
holding	QUAD	Class B Common Stock						2.35K	Mar 1, 2025	Class A Common Stock	2.35K		As Trustee - WVH Tr	F3, F8

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

Explanation of Responses:

Id	Content
F1	Reflects payment of tax liability by withholding shares of stock incident to the vesting of restricted stock previously issued.
F2	Shares acquired under the Company Savings Plan based on information furnished by the Plan Administrator as of 2/28/2025.
F3	Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis at no cost and has no expiration date.
F4	As Trustee for the Alexander Q. Harned 2007 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5	As Trustee for the Elizabeth Quadracci Harned 2003 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F6	As Trustee for the HVQ 1992 Descendants Trust f/b/o J. Joel Quadracci. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F7	As Trustee for the Kathryn B. Harned 2004 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F8	As Trustee for the William V. Harned 2006 Trust. The reporting person is a trustee of the trust and/or is a current or future beneficiary thereof. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.