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EdgarHawk

Flake Matthew P

Chief Executive Officer

Director Officer
6 filings analyzed · 1 company · Latest 2026-03-11

Companies

Company Buys Sells Direction
Q2 Holdings, Inc. QTWO 0 14 Net selling

Activity

March 2026
2026-03-11 Q2 Holdings, Inc. QTWO
high
Sell
20,613 shares
$1,058,478
Significance 5/10

CEO Flake sold 20,613 shares of QTWO at $51.35; stock down -47.0% from 52-week high, -10.5% in 30 days.

Matthew P Flake, Chief Executive Officer, sold 20,613 shares for $1,058,477.55 on 2026-03-09 at $51.35, reducing his holdings from 503.8K to 483.2K shares. This sale occurs as QTWO trades -47.0% from its 52-week high of $95.27, with significant recent momentum losses (-10.5% over 30 days, -33.1% over 90 days). At the same ticker, Flake's prior three measured sales (2025-03-12, 2025-03-13, 2025-04-01) all posted positive 90-day returns, meaning the stock rose after each sale; his timing pattern shows 0 of 3 prior sells were well-timed at the 90-day mark. Against cross-ticker history, his 17 prior sells averaged a 90d well-timed rate of 0.00%, indicating no pattern of selling ahead of declines. The current sale comes amid a steep drawdown from the stock's highs, but absent disclosed context around this specific transaction, the sale's relationship to recent price action remains unclear.

2026-03-04 Q2 Holdings, Inc. QTWO
medium
Sell
118,511 shares
$5,895,115
Significance 6/10

CEO Flake sells 118,511 shares at $49.74 avg for $5.9M; stock down 47.5% from 52-week high, 31.2% in 90 days.

Matthew P Flake, Chief Executive Officer, executed 2 separate sales totaling 118,511 shares for $5,895,114.62, reducing his holdings from 622,326 to 503,815 shares (-19.0%). The sales occurred at $49.72 on 2026-03-03 and $49.75 on 2026-03-04, with a blended average price of $49.74. The current stock price is $49.99, only 0.5% above the transaction prices, but the stock is -47.5% from its 52-week high of $95.27 and has declined -31.2% over the past 90 days. Reviewing Flake's prior 5 sales at QTWO, none were well-timed at the 90-day mark; all 5 subsequent 90-day periods showed positive returns, meaning the stock rose after each prior sale. The company has solid fundamentals (revenue $201.7M, P/E 25.51, annual growth +14.1%), but the significant recent price deterioration and absence of any well-timed exits in Flake's same-ticker history creates a notable data point amid a broader market decline in the stock.

April 2025
2025-04-02 Q2 Holdings, Inc. QTWO
medium
Sell
36,023 shares
$2,894,448
Significance 6/10

CEO Flake sold 36,023 shares of QTWO at $80.35; stock now -25.8% from 52-week high, company unprofitable.

Flake Matthew P (CEO) sold 36,023 shares (-6.9% of holdings) at $80.35 on 2025-04-01, total value $2,894,448.05. The stock has declined -17.3% over the 90 days following the transaction, and is currently -25.8% from its 52-week high of $110.85. Company fundamentals show net income of $-11,797,000.00 (unprofitable full-year result) despite revenue of $175,021,000.00 and annual growth of +11.5%. The CEO's cross-ticker track record shows a 0.00% 90-day well-timed rate on 14 prior sells (meaning prior sales did not precede declines), providing no predictive confidence. At QTWO specifically, his prior measurable sale (2024-03-14) resulted in a 90d +21.6% return, indicating he sold before a subsequent rally—the opposite of favorable timing for an insider divesting shares.

March 2025
2025-03-13 Q2 Holdings, Inc. QTWO
high
Sell
92,748 shares
$6,804,911
Significance 6/10

QTWO CEO Flake sold 92,748 shares for $6.8M across 2025-03-12/13; stock now -34.1% from 52-week high, company unprofitable.

CEO Matthew P Flake executed 2 separate sales totaling 92,748 shares for $6,804,911.26, reducing his holdings by -15.1% (from 614,437 to 521,689 shares). The transactions occurred at blended average price of $73.37, compared to current price of $73.07 and a 52-week high of $110.85—the stock is -34.1% from its peak and -20.2% over the past 30 days. At the same ticker (QTWO), Flake's prior sales show all 3 measurable outcomes with positive 90-day returns (+4.0%, +2.9%, +12.8%), indicating none were well-timed in the sense of selling before a decline. Fundamentally, the company reported negative net income of $-11,797,000.00 on revenue of $175,021,000.00 and remains unprofitable on a full-year basis, despite +11.5% annual revenue growth. The timing of sales during a period of significant price weakness and the company's ongoing unprofitability warrant attention from equity holders.

2025-03-10 Q2 Holdings, Inc. QTWO
medium
Sell
56,799 shares
$4,446,226
Significance 6/10

CEO Matthew P Flake sold 56,799 shares of QTWO at $78.28; stock has fallen -35.6% from 52-week high to $71.37.

CEO Matthew P Flake sold 56,799 shares (56.8K shares) at $78.28 on 2025-03-06, representing a 9.0% reduction in his holdings to 575.6K shares. The transaction occurred at a price that now appears elevated relative to current market conditions—the stock has declined -23.8% over the past 30 days and -32.1% over 90 days, trading -35.6% below its 52-week high of $110.85. Notably, his prior trades at QTWO show an unfavorable pattern: none of his 4 measurable prior sales at this ticker were well-timed at the 90-day mark, with those sales followed by gains of +4.0% to +32.2%, meaning he sold ahead of subsequent rallies. The company remains unprofitable with net income of $-11.8M on revenue of $175.0M, though annual revenue growth stands at +11.5%. This sale falls within days of another transaction on 2025-03-04, warranting review of any underlying strategic or operational triggers.

2025-03-06 Q2 Holdings, Inc. QTWO
medium
Sell
65,063 shares
$5,262,946
Significance 4/10

CEO Matthew P Flake sold 65.1K QTWO shares at $80.89 for $5.3M on 2025-03-04; stock down 30.2% in 90 days.

Matthew P Flake, the CEO, sold 65,063 shares at $80.89 on 2025-03-04, reducing holdings by -11.3% to 510,648 shares remaining. The stock has since declined 30.2% from the 52-week high and 18.6% over 30 days, trading at $77.33 currently—below the sale price. At the same ticker (QTWO), his prior 4 measurable sales (March 2024) each posted positive 90-day returns (ranging 18.5% to 32.2%), meaning the stock rose after those sales, indicating poor timing then. His cross-ticker track record shows a 0.00% well-timed rate on 11 prior sells with an average 90d return of +31.2%—the stock systematically moved upward after his past sales. This current sale into a period of sustained weakness diverges from that pattern: the stock has fallen sharply post-transaction rather than rising. Combined with the company's unprofitable full-year net income of $-11.8M against quarterly revenue of $175.0M, the divergence in post-sale price action merits monitoring.

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