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.