Flake Matthew P 4
4 · Q2 Holdings, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Q2 Holdings (QTWO) CEO Matthew P. Flake Sells 20,613 Shares
What Happened
Matthew P. Flake, CEO of Q2 Holdings, sold 20,613 shares on 2026-03-09 in an open-market (reported as a sale) transaction at a weighted-average price of $51.35, yielding proceeds of approximately $1,058,478. The filing indicates this sale was an issuer-mandated sale to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs), not a discretionary trade by the CEO.
Key Details
- Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely — within standard 2-business-day reporting window).
- Reported price: weighted average $51.35; price range reported in footnote: $51.34–$51.70.
- Shares sold: 20,613; gross proceeds: ~$1,058,478.
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes: F1 — sale was issuer-mandated to cover tax withholding for RSU vesting (not discretionary). F2 — weighted-average price shown; breakdown by individual trade price available on request to the company or SEC staff.
Context
This was a tax-withholding sale related to RSU settlement rather than a voluntary sale that might signal a view on the stock. Such transactions are common among executives when equity awards vest and do not, by themselves, indicate management sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-09$51.35/sh−20,613$1,058,478→ 483,202 total
Footnotes (2)
- [F1]The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.34 to $51.70 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.