MIAMI INTERNATIONAL HOLDINGS (MIAX) CEO exercises 24,999 options into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. Chairman & CEO Thomas P. Gallagher exercised incentive stock options to acquire 24,999 shares of Common Stock at $12.00 per share. Following the option exercise, he holds 510,962 Common Stock shares directly. The exercised options were fully vested and no share sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,999 shares exercised/converted
Mixed
2 txns
Insider
Gallagher Thomas P.
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Incentive Stock Option (Right to Buy) | 24,999 | $0.00 | -- |
| Exercise | Common Stock | 24,999 | $12.00 | $300K |
Holdings After Transaction:
Incentive Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 510,962 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 24,999 shares
Exercise price: $12.00 per share
Shares held after: 510,962 shares
+2 more
5 metrics
Options exercised
24,999 shares
Incentive Stock Option into Common Stock
Exercise price
$12.00 per share
Strike price of incentive stock option
Shares held after
510,962 shares
Common Stock directly owned after exercise
Option expiration
August 2, 2026
Incentive Stock Option expiration date
Derivative positions remaining
0 options (this grant)
Incentive Stock Option fully exercised in this filing
Key Terms
Incentive Stock Option, Exercise or conversion of derivative security, Common Stock
3 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""
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did MIAX Chairman & CEO Thomas P. Gallagher report?
Thomas P. Gallagher reported exercising incentive stock options to acquire 24,999 MIAX Common Stock shares. The transaction was coded as an option exercise, not an open-market purchase or sale, and reflects conversion of a derivative award into directly held shares.
At what price were Thomas P. Gallagher’s MIAX options exercised?
The options were exercised at a strike price of $12.00 per share. This price reflects the pre-set exercise cost of the incentive stock options, which were fully vested before Gallagher converted them into 24,999 shares of MIAX Common Stock.
What happened to the MIAX incentive stock options after the exercise?
The incentive stock option covering 24,999 shares was fully exercised, leaving 0 options remaining from that grant. The option had an exercise price of $12.00 per share and an expiration date of August 2, 2026 as disclosed in the filing.