Kathryn Quadracci Flores - 01 Mar 2025 Form 4 Insider Report for Quad/Graphics, Inc. (QUAD)

Role: Director
Signature: /s/ Alexander N. Pyke, as attorney-in-fact for Kathryn Quadracci Flores
Issuer symbol: QUAD
Transactions as of: 01 Mar 2025
Net transactions value: -$44,990
Form type: 4
Filing time: 04 Mar 2025, 11:03:11 UTC
Previous filing: 03 Jan 2025
Next filing: 19 May 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	$44,990	-7,164	-5.2%	$6.28	130,994	01 Mar 2025	Direct	F1
holding	QUAD	Class A Common Stock						4,067	01 Mar 2025	As Trustee - DQ 2008 Trust	F2
holding	QUAD	Class A Common Stock						4,067	01 Mar 2025	As Trustee - HVQ 2003 Trust	F3
holding	QUAD	Class A Common Stock						4,067	01 Mar 2025	As Trustee - MAQ 2001 Trust	F4

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						2,870	01 Mar 2025	Class A Common Stock	2,870		As Trustee - DQ 2008 Trust	F2, F5
holding	QUAD	Class B Common Stock						14,915	01 Mar 2025	Class A Common Stock	14,915		As Trustee - HRQ 2014 Trust	F5, F6
holding	QUAD	Class B Common Stock						2,870	01 Mar 2025	Class A Common Stock	2,870		As Trustee - HVQ 2003 Trust	F3, F5
holding	QUAD	Class B Common Stock						2,868	01 Mar 2025	Class A Common Stock	2,868		As Trustee - MAQ 2001 Trust	F4, F5

* 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	As Trustee for the Danica Quadracci 2008 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 her pecuniary interest therein.
F3	As Trustee for the Halle Victoria Quadracci 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 her pecuniary interest therein.
F4	As Trustee for the Meghan Angela Quadracci 2001 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 her pecuniary interest therein.
F5	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.
F6	As Trustee for the H. Richard Quadracci 2014 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 her pecuniary interest therein.