[Form 4] Interactive Brokers Group, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Interactive Brokers Group director and Vice Chairman Earl H. Nemser reported sales of Class A common stock on 08/14/2025. The Form 4 discloses two dispositions executed under a 10b5-1 plan: 33,379 shares sold at a weighted average price of $63.86 and 20,521 shares sold at a weighted average price of $64.22. The reporting tables show holdings attributable to EN Holdings LLC and list 427,812 Class A shares in total, including vested and unvested restricted stock units. The filing includes an explanatory note that EN Holdings LLC is owned by the reporting person and his affiliates and that sale prices reflect multiple transactions within the stated ranges.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider sold 53,900 Class A shares under a 10b5-1 plan, reducing indirect holdings; transaction appears orderly, not an unscheduled dump.
The filing shows planned dispositions under a 10b5-1 written plan, which provides an affirmative defense under Rule 10b5-1 and typically indicates pre-arranged, non-discretionary trading. The sales were completed in multiple tranches at weighted average prices of $63.86 and $64.22. holdings are reported via EN Holdings LLC, suggesting indirect ownership structures remain in place. For governance review, note the combination of direct officer/director status and use of an affiliated LLC to hold shares, which is common but relevant to beneficial ownership transparency.
TL;DR: Insider disposed of 53,900 shares at ~$64 under a 10b5-1 plan; transaction size is modest relative to reported total holdings.
The Form 4 discloses two sold tranches totaling 53,900 shares with reported price ranges $63.03–$64.55 and weighted averages near $64. The reporting person still has shares attributable to EN Holdings LLC and restricted stock units aggregating 427,812 shares per the form. From a securities perspective, the filing indicates liquidity actions rather than a change in control or material corporate event. Impact on float and market liquidity is likely minor absent larger concurrent transactions.