Flake Matthew P 4

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.