QTWOQ2 Holdings, Inc. · Insider ownership research

Q2 Holdings, Inc. insiders sold $31.5M in the past 12 months. How much of their stake is that?

27% was sold under disclosed trading plans, 57% to cover taxes, 16% with no plan disclosed. The largest seller, Jonathan Price (Chief Financial Officer), sold $7.5M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026

$5.1M

sold with no plan disclosed, past 12 months

27%

of sales were under disclosed trading plans, past 12 months

9 of 14

officers and directors sold shares, past 12 months

Is this normal? In line with the past 5 years. 9 insiders sold; the average is 10 a year. Year by year

Latest filing: Filed Sep 11 for a sale on Sep 11. Michael Kerr sold 636 shares ($39K) to cover taxes on vesting stock. Filing

SEC ownership filings: 38 filed in the 12 months to Oct 16, 2026; 953 on record since Mar 19, 2014 · See the evidence

What stands out

Jonathan Price sold $5.1M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Aug 13, 2026

A share of stake is shown for 0 of the 9 officers and directors who sold. 14 are left out

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Left out: Matthew Flake, Kirk Coleman, Jonathan Price, Michael Volanoski, John Breeden, Kimberly Rutledge, Himagiri Mukkamala, Michael Kerr, Rebecca Atchison, Margaret Taylor, Stephen Hooley, James Offerdahl, Lynn Tyson and Andre Mintz (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Jonathan Price

Chief Financial Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$7.5M32% to cover taxes 68% no plan disclosed

Matthew Flake

Chief Executive Officer, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$7.0MTo cover taxes

John Breeden

Chief Delivery Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$6.4M67% planned, 33% to cover taxes

Kirk Coleman

Chief Business Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$5.0M14% planned, 86% to cover taxes

Kimberly Rutledge

Chief People Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$3.3M64% planned, 36% to cover taxes

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 11, 2026Michael Kerr sold 636 shares ($39K) to cover taxes on vesting stock.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Michael Kerr General Counsel	636	$60.96	n/a	n/a	Sep 11, 2026	Sep 11, 2026

Common questions

Is the Q2 Holdings, Inc. CEO selling stock?

Yes. Matthew Flake sold 139K shares ($7.0M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Q2 Holdings, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 27% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 57% were to cover taxes and 16% had no disclosed plan. A trading plan schedules sales in advance.

Are any Q2 Holdings, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold9 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Jonathan Price Chief Financial Officer	$7.5M 126K shares	Not confirmed share of stake is being verified. Why	32% to cover taxes 68% no plan disclosed
Matthew Flake Chief Executive Officer, Director	$7.0M 139K shares	Not confirmed share of stake is being verified. Why	To cover taxes
John Breeden Chief Delivery Officer	$6.4M 126K shares	Not confirmed share of stake is being verified. Why	67% under a disclosed plan, 33% to cover taxes
Kirk Coleman Chief Business Officer	$5.0M 96K shares	Not confirmed share of stake is being verified. Why	14% under a disclosed plan, 86% to cover taxes
Kimberly Rutledge Chief People Officer	$3.3M 62K shares	Not confirmed share of stake is being verified. Why	64% under a disclosed plan, 36% to cover taxes
Michael Kerr General Counsel	$1.2M 24K shares	Not confirmed share of stake is being verified. Why	60% under a disclosed plan, 40% to cover taxes
Michael Volanoski Chief Revenue Officer	$694K 9.3K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Himagiri Mukkamala Chief Operating Officer	$381K 6.2K shares	Not confirmed share of stake is being verified. Why	To cover taxes
James Offerdahl Director	$56K 794 shares	Not confirmed share of stake is being verified. Why	Disclosed plan

The full ownership picture0 of 14 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider	Held Oct 16, 2025	Sold	Held Oct 16, 2026	Still held
Matthew Flake ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Matthew Flake are complete. Chief Executive Officer, Director	n/a	−139K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Matthew Flake Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Matthew Flake are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Kirk Coleman ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kirk Coleman are complete. Chief Business Officer	n/a	−96K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Kirk Coleman Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kirk Coleman are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Jonathan Price ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jonathan Price are complete. Chief Financial Officer	n/a	−126K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Jonathan Price Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jonathan Price are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Michael Volanoski ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Volanoski are complete. Chief Revenue Officer	n/a	−9.3K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Michael Volanoski Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Volanoski are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
John Breeden ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Breeden are complete. Chief Delivery Officer	n/a	−126K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for John Breeden Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Breeden are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Kimberly Rutledge ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kimberly Rutledge are complete. Chief People Officer	n/a	−62K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Kimberly Rutledge Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kimberly Rutledge are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Himagiri Mukkamala ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Himagiri Mukkamala are complete. Chief Operating Officer	n/a	−6.2K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Himagiri Mukkamala Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Himagiri Mukkamala are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Michael Kerr ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Kerr are complete. General Counsel	n/a	−24K	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Michael Kerr Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Kerr are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Rebecca Atchison ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Rebecca Atchison are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Rebecca Atchison Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Rebecca Atchison are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Margaret Taylor ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Margaret Taylor are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Margaret Taylor Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Margaret Taylor are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Stephen Hooley ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Stephen Hooley are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Stephen Hooley Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen Hooley are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
James Offerdahl ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Offerdahl are complete. Director	n/a	−794	n/a	n/a
Vesting, gifts, unvested awards and holding lines for James Offerdahl Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Offerdahl are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Lynn Tyson ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lynn Tyson are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Lynn Tyson Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lynn Tyson are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Andre Mintz ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andre Mintz are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Andre Mintz Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andre Mintz are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)

Holdings and share of stake for Q2 Holdings, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$31.5M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $31.5M across 588,915 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $8.6M · 27%

73%

The lighter segment is sales with no plan disclosed in the filing ($22.9M), including tax-related sales outside a plan.

No plan disclosed · $5.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $5.1M of it is Jonathan Price. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Jonathan Price, Aug 13, 2026

Taxes

$18.8M of sales (59.8%) cite tax obligations in their footnotes, $987K of them also under a plan. Example: Michael Kerr, Sep 11, 2026

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Jonathan Price Chief Financial Officer	126K	$7.5M	0%	24%	Mar 3, 2026 to Aug 13, 2026
Matthew Flake Chief Executive Officer, Director	139K	$7.0M	0%	22%	Mar 3, 2026 to Mar 9, 2026
John Breeden Chief Delivery Officer	126K	$6.4M	67%	20%	Mar 3, 2026 to Mar 11, 2026
Kirk Coleman Chief Business Officer	96K	$5.0M	14%	16%	Dec 10, 2025 to Jun 10, 2026
Kimberly Rutledge Chief People Officer	62K	$3.3M	64%	10%	Mar 3, 2026 to Aug 10, 2026
Michael Kerr General Counsel	24K	$1.2M	60%	4%	Mar 3, 2026 to Sep 11, 2026
Michael Volanoski Chief Revenue Officer	9.3K	$694K	100%	2%	Dec 10, 2025 to Dec 12, 2025
Himagiri Mukkamala Chief Operating Officer	6.2K	$381K	0%	1%	Dec 10, 2025 to Mar 9, 2026
James Offerdahl Director	794	$56K	100%	0.2%	Nov 25, 2025 to Nov 25, 2025

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$56K	$56K	$0	$0
Dec 2025	$1.5M	$694K	$853K	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$678K	$678K	$0	$0
Mar 2026	$22.3M	$6.5M	$15.7M	$0
Apr 2026	$0	$0	$0	$0
May 2026	$18K	$0	$18K	$0
Jun 2026	$1.2M	$0	$1.2M	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$5.7M	$631K	$0	$5.1M
Sep 2026	$39K	$0	$39K	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 9 insiders sold; the average is 10 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 16, 2026 Latest 12 months	589K	9	$31.5M
Oct 16, 2025 1 year earlier	1.11M	11	$95.5M
Oct 16, 2024 2 years earlier	1.01M	11	$58.3M
Oct 17, 2023 3 years earlier	283K	10	$8.5M
Oct 17, 2022 4 years earlier	217K	9	$15.2M
Oct 17, 2021 5 years earlier	808K	9	$88.0M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty14 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Q2 Holdings, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology953 filings on record, 38 filed in the 12-month period, and how we read them

All 953 Forms 3, 4 and 5 on record for Q2 Holdings, Inc. (SEC CIK 1410384), filed from Mar 19, 2014 to Sep 11, 2026; 38 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (25)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Jeffrey Diehl	Nov 27, 2024	2,892 shares, last reported balance as of Nov 26, 2024
David Mehok	Aug 22, 2024	206,883 shares, last reported balance as of Aug 21, 2024
Seale R. H.	Jun 12, 2024	781,562 shares, last reported balance as of Jun 10, 2024
Seale R. H.	Jun 12, 2024	50,000 shares, last reported balance as of Mar 14, 2019
Barry Benton	Mar 11, 2022	26,182 shares, last reported balance as of Mar 10, 2022
Charles Doyle	Feb 24, 2021	540,408 shares, last reported balance as of Feb 22, 2021
Adam Blue	Dec 22, 2020	72,036 shares, last reported balance as of Dec 21, 2020
Jennifer Harris	Sep 14, 2020	111,219 shares, last reported balance as of Sep 10, 2020
Bharath Oruganti	Sep 14, 2020	20,126 shares, last reported balance as of Sep 11, 2020
William Furrer	Jul 15, 2020	77,173 shares, last reported balance as of Jul 13, 2020
Anthony Hall	Jul 15, 2020	12,378 shares, last reported balance as of Jul 13, 2020
Carl Schaper	Jun 11, 2020	27,316 shares, last reported balance as of Jun 9, 2020
Michael Maples	Jun 11, 2020	10,140 shares, last reported balance as of Jun 9, 2020
Odus Wittenburg Jr.	Mar 12, 2020	62,504 shares, last reported balance as of Mar 10, 2020
Rekha Garapati	Jul 10, 2019	50,318 shares, last reported balance as of Jul 8, 2019
Christine Petersen	Sep 13, 2018	27,864 shares, last reported balance as of Sep 11, 2018
Michael Brown	Jun 12, 2017	4,043 shares, last reported balance as of Jun 8, 2017
Michael Brown	Jun 12, 2017	1,396,538 shares, last reported balance as of Jun 8, 2017
ADAMS STREET PARTNERS LLC	May 26, 2017	13,871,017 shares, last reported balance as of May 24, 2017
Stephen Soukup	Nov 29, 2016	24,977 shares, last reported balance as of Nov 22, 2016
Lorrie Schultz	Nov 9, 2016	15,200 shares, last reported balance as of Nov 7, 2016
Sherri Manning	Jul 28, 2016	11,700 shares, last reported balance as of Jul 26, 2016
Coy Joyner	Jun 17, 2016	3,578 shares, last reported balance as of Jun 9, 2016
Battery Investment Partners IX, LLC	Oct 1, 2015	3,254,998 shares, last reported balance as of Sep 30, 2015
Battery Management Corp.	Oct 1, 2015	3,254,998 shares, last reported balance as of Sep 30, 2015

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