X0202 4 2005-06-21 0 0001089932 WQN, Inc. WQNI 0001265718 ADLER B MICHAEL 14911 QUORUM DRIVE SUITE 140 DALLAS TX 75254 1 1 0 0 President & CEO Common Stock 2005-06-20 4 S 0 4200 1.82 D 2627278 I See footnote Common Stock 2005-06-21 4 S 0 5800 1.81 D 2621478 I See footnote Eagle Venture Capital LLC, has a 10b5-1 plan for the period of December 2004 through November 2005. This reflects the sale of stock per this agreement. Eagle Venture Capital LLC is the record and beneficial owner of 2,496,478 shares. B. Michael Adler owns a controlling interest in Eagle Venture and is deemed to beneficially own these shares. The share ownership for Mr. Adler also includes vested options to purchase 25,000 shares and 100,000 shares owned by Adler Family Trust. B. Michael Adler Individually and as Chief Executive Officer of Eagle Venture Capital, LLC 2005-06-23