MIAX (MIAX) EVP Shelly Brown sells 3,257 shares after option exercise
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. executive Shelly Brown amended her insider trading report to correct an option exercise and related holdings. On April 7, she exercised 900 Nonqualified Stock Options at $12.00 per share, acquiring 900 shares of common stock, and simultaneously sold 900 shares at $42.00 per share.
She also sold 2,357 common shares on April 6 at $41.33 per share. After these transactions, she directly held 325,047 common shares and 64,434 option-based derivative securities. A footnote states the filing reflects a correction to the original option exercise and to the amount of securities beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Brown Shelly
Role
EVP, Chief Strategy Officer
Sold
3,257 shs ($135K)
Approx. gross sale proceeds
$135K
Approx. exercise cost
$11K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (Right to Buy) | 900 | $0.00 | $0.00 |
| Exercise | Common Stock | 900 | $12.00 | $11K |
| Sale | Common Stock | 900 | $42.00 | $38K |
| Sale | Common Stock | 2,357 | $41.33 | $97K |
Holdings After Transaction:
Nonqualified Stock Option (Right to Buy) — 64,434 shares (Direct);
Common Stock — 325,047 shares (Direct)
Footnotes (2)
- F1. Reflects a correction (i) to an options exercise that occurred simultaneously to the sale of 900 shares of common stock and (ii) to the amount of securities beneficially owned by the Reporting Person.
- F2. The options are fully vested.
Key Figures
Options exercised: 900 shares at $12.00
Shares sold April 7: 900 shares at $42.00
Shares sold April 6: 2,357 shares at $41.33
+3 more
6 metrics
Options exercised
900 shares at $12.00
Nonqualified Stock Option exercise on April 7
Shares sold April 7
900 shares at $42.00
Open-market sale of common stock
Shares sold April 6
2,357 shares at $41.33
Open-market sale of common stock
Total shares sold
3,257 shares
Combined April 6–7 common stock sales
Common shares held after
325,047 shares
Direct ownership following transactions
Derivative securities held after
64,434 options
Option-based derivative holdings after exercise
Key Terms
Nonqualified Stock Option, open-market sale, derivative exercise/conversion, beneficially owned
4 terms
Nonqualified Stock Option financial
"She exercised 900 Nonqualified Stock Options at $12.00 per share"
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
beneficially owned financial
"correction to the amount of securities beneficially owned by the Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
