Status changed from New to Fixed
The main problem is that SQ runs too many tests in parallel, and it doesn't fit into the available memory.
So in a way it is a victim of its very effective parallelization success.
The only real solution is to either increase memory - in my tests 32 GB is enough to run your config, OR decrease the number of cores program uses - in Performance -> CPU setting.
I'm not sure how many cores you have, but try to use only half of them. You'll not use all the power of your CPU, but you cannot use it anyway because there isn't enough memory for it.