(Oregon) Multi-eyed six legged winged insect. w/ yellow and black abdomen thorax and legs
Your insect is a cicada. It will not sting or bite. Many kids like to hold them, especially fun when the insect shakes its wings.
The female cicada lays eggs along twigs of trees. Therefore it can be a pest as the slits made for laying the eggs damage and destroy young trees.
Once the nymphs have emerged from eggs, they drop to the ground and burrow into the soil near the trees. The nymphs feed on root juice, using their strong front legs for digging.
When the nymphs are ready to emerge into adults (1-17 years later) they crawl up the tree, split the shell, and emerge as adults….like the one you saw.
Cicadas are the insects that sing a loud song in late summer which gives them another common name ‘dog day cicada’.
Wikipedia website has a video of a nymph emerging into an adult that you might enjoy seeing. There are probably more videos on the internet also.