MIAMI INTERNATIONAL EVP Exercises 30K Stock Options
MIAMI INTERNATIONAL HOLDINGS EVP and Chief Strategy Officer Shelly Brown exercised stock options to acquire additional common shares.
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS EVP and Chief Strategy Officer Shelly Brown exercised stock options to acquire additional common shares. On March 30, 2026, she exercised multiple fully vested Incentive Stock Options, converting rights to buy 30,016 shares of Common Stock at strike prices ranging from $12.00 to $25.78 per share.
A total of 1,809 Common Stock shares were surrendered at $37.50 per share to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock awards, which the filing states does not represent a sale. Following these transactions, Brown directly owned 327,404 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,016 shares exercised/converted
Exercise
11 txns
Insider
Brown Shelly
Role
EVP, Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Incentive Stock Option (Right to Buy) | 8,333 | $0.00 | $0.00 |
| Exercise | Incentive Stock Option (Right to Buy) | 6,570 | $0.00 | $0.00 |
| Exercise | Incentive Stock Option (Right to Buy) | 6,195 | $0.00 | $0.00 |
| Exercise | Incentive Stock Option (Right to Buy) | 3,878 | $0.00 | $0.00 |
| Exercise | Incentive Stock Option (Right to Buy) | 5,040 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,809 | $37.50 | $68K |
| Exercise | Common Stock | 8,333 | $12.00 | $100K |
| Exercise | Common Stock | 6,570 | $15.22 | $100K |
| Exercise | Common Stock | 6,195 | $16.14 | $100K |
| Exercise | Common Stock | 3,878 | $25.78 | $100K |
| Exercise | Common Stock | 5,040 | $19.84 | $100K |
Holdings After Transaction:
Incentive Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 327,404 shares (Direct)
Footnotes (2)
- F1. Represents shares that have been surrendered to the Company to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock awards and does not represent a sale by the reporting person.
- F2. The options are fully vested.
Key Figures
Options exercised: 30,016 shares
Tax withholding shares: 1,809 shares
Post-transaction holdings: 327,404 shares
+2 more
5 metrics
Options exercised
30,016 shares
Aggregate underlying Common Stock from option exercises on March 30, 2026
Tax withholding shares
1,809 shares
Common Stock surrendered at $37.50 to satisfy tax obligations on March 30, 2026
Post-transaction holdings
327,404 shares
Common Stock directly owned after transactions on March 30, 2026
Option strike prices
$12.00–$25.78 per share
Exercise prices of Incentive Stock Options converted into Common Stock
Largest single option lot
8,333 shares
Incentive Stock Option exercised at $12.00 per share
Key Terms
Incentive Stock Option, Exercise or conversion of derivative security, tax withholding and remittance obligations, net settlement of restricted stock awards, +1 more
5 terms
Incentive Stock Option financial
"security_title: "Incentive Stock Option (Right to Buy)""
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
tax withholding and remittance obligations financial
"Represents shares that have been surrendered to the Company to satisfy tax withholding and remittance obligations"
net settlement of restricted stock awards financial
"in connection with the net settlement of restricted stock awards and does not represent a sale"
fully vested financial
"The options are fully vested."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Shelly Brown report in this MIAX Form 4 filing?
Shelly Brown reported exercising multiple Incentive Stock Options to acquire MIAMI INTERNATIONAL HOLDINGS common shares. The transactions converted option rights into stock, increasing her direct ownership while also using some shares to cover tax obligations tied to restricted stock awards.
What do the M and F transaction codes mean in this MIAX Form 4?
Code M indicates the exercise or conversion of derivative securities, here Incentive Stock Options converting into common stock. Code F indicates shares withheld or surrendered to pay exercise price or tax liabilities, which in this case covered tax obligations and was not treated as a market sale.
What are the strike prices of the MIAX options Shelly Brown exercised?
The Incentive Stock Options exercised had strike prices of $12.00, $15.22, $16.14, $19.84 and $25.78 per share. Exercising these options turned previously granted rights to buy MIAMI INTERNATIONAL HOLDINGS common stock into actual shares at those specified prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
