Cboe (CBOE) director awarded 530 restricted stock units vesting in 2027

Rhea-AI Filing Summary

Farrow William M III reported acquisition or exercise transactions in this Form 4 filing.

Cboe Global Markets, Inc. director William M. Farrow III received an equity grant in the form of 530 restricted stock units of common stock. These units were awarded at no cash cost to him and are part of the company’s Third Amended and Restated Long-Term Incentive Plan.

Each restricted stock unit represents a contingent right to one share of Cboe common stock that will vest on May 14, 2027, provided he remains in continuous service through that date. Following this grant, he holds a total of 12,735 shares of Cboe common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Farrow William M III

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	530	$0.00	--

Holdings After Transaction: Common Stock — 12,735 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 530 shares Grant price: $0.00 per share Post-grant holdings: 12,735 shares +1 more

4 metrics

RSU grant size 530 shares Restricted stock unit award to director on May 14, 2026

Grant price $0.00 per share Stated transaction price for RSU award

Post-grant holdings 12,735 shares Total Cboe common shares held directly after the transaction

Vesting date May 14, 2027 Date when RSUs vest if service is continuous

Key Terms

restricted stock unit, Long-Term Incentive Plan, Rule 16b-3

3 terms

restricted stock unit financial

"Represents a restricted stock unit award granted under the Company's Third Amended and Restated Long-Term Incentive Plan"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Long-Term Incentive Plan financial

"granted under the Company's Third Amended and Restated Long-Term Incentive Plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Rule 16b-3 regulatory

"which meets the requirements of Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Farrow William M III

(Last) (First) (Middle)

C/O CBOE GLOBAL MARKETS, INC.

433 WEST VAN BUREN STREET

(Street)

CHICAGO ILLINOIS 60607

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cboe Global Markets, Inc. [ CBOE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/14/2026		A		530	A	$0(1)	12,735	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a restricted stock unit award granted under the Company's Third Amended and Restated Long-Term Incentive Plan, which meets the requirements of Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of Cboe Global Markets, Inc. common stock that will vest on May 14, 2027, provided that the filing person has remained in service continuously through such date.

	/s/ Patrick Sexton, Attorney-in-Fact	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Cboe (CBOE) director William M. Farrow III report?

Director William M. Farrow III reported receiving 530 restricted stock units of Cboe common stock. This was a compensation-related equity award, not an open-market purchase, and was granted under Cboe’s Third Amended and Restated Long-Term Incentive Plan.

At what price were the Cboe (CBOE) restricted stock units granted to William M. Farrow III?

The 530 restricted stock units were granted at a stated price of $0.00 per share. This indicates a compensation award, where the director does not pay cash for the shares, typical for long-term incentive equity grants to board members.

When do William M. Farrow III’s Cboe (CBOE) restricted stock units vest?

The restricted stock units are scheduled to vest on May 14, 2027. Vesting requires that William M. Farrow III remain in continuous service with Cboe through that date, aligning his compensation with longer-term company performance and board service.

How many Cboe (CBOE) shares does William M. Farrow III own after this Form 4 transaction?

After this award, William M. Farrow III directly holds 12,735 shares of Cboe common stock. This figure reflects his total direct ownership reported following the 530-share restricted stock unit grant disclosed in the Form 4 filing.

What plan governs the restricted stock unit award reported by Cboe (CBOE) director William M. Farrow III?

The award was granted under Cboe’s Third Amended and Restated Long-Term Incentive Plan. The filing notes that the grant meets the requirements of Rule 16b-3, which provides exemptions for certain insider incentive transactions under securities regulations.