Miami International Holdings (MIAX) director uses 171 shares to cover RSU taxes
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. director David A. Brown surrendered 171 shares of common stock on July 8, 2026 to cover tax withholding tied to the net settlement of restricted stock units. This was not an open-market sale. After this tax-withholding disposition, he directly holds 7,066 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 171 shares
Net Sell
1 txn
Insider
BROWN DAVID A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 171 | $43.72 | $7K |
Holdings After Transaction:
Common Stock — 7,066 shares (Direct)
Footnotes (1)
- 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 units and does not represent a sale by the Reporting Person.
Key Figures
Shares surrendered for taxes: 171 shares
Implied share value: $43.72 per share
Shares held after transaction: 7,066 shares
3 metrics
Shares surrendered for taxes
171 shares
Tax withholding on restricted stock units on July 8, 2026
Implied share value
$43.72 per share
Value used for 171-share tax-withholding disposition
Shares held after transaction
7,066 shares
Direct MIAX common stock ownership following Form 4 transaction
Key Terms
restricted stock units, tax withholding, net settlement, Form 4
4 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units and does not represent a sale"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"satisfy tax withholding and remittance obligations in connection with the net settlement"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
net settlement financial
"in connection with the net settlement of restricted stock units and does not represent a sale"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MIAX director David A. Brown report?
David A. Brown reported surrendering 171 shares of MIAX common stock to the company to cover tax withholding on restricted stock units. This is a tax-related share disposition, not an open-market trade or discretionary sale.
Does the MIAX Form 4 show any option exercises or derivative transactions?
No, this Form 4 only reports a non-derivative transaction where 171 common shares were surrendered for tax withholding. The derivativeSummary section is empty, indicating no option exercises or other derivative activities in this filing.