Miami International EVP sells 20K shares after exercise
Miami International Holdings executive Harish Jayabalan, EVP, CISO and CRO, exercised options and sold shares of common stock.
Rhea-AI Filing Summary
Miami International Holdings executive Harish Jayabalan, EVP, CISO and CRO, exercised options and sold shares of common stock. He exercised a total of 20,000 options at an exercise price of $12.00 per share and sold 20,000 shares in an open-market transaction at a weighted average price of $42.12 per share.
The transactions occurred on July 6, 2026 under a previously established Rule 10b5-1 trading plan adopted on March 9, 2026. Following these moves, Jayabalan directly holds 78,065 shares of Miami International Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 20,000 shares ($602K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Jayabalan Harish
Role
EVP, CISO and CRO
Sold
20,000 shs ($842K)
Approx. gross sale proceeds
$842K
Approx. exercise cost
$240K
Approx. pre-tax spread
$602K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (Right to Buy) | 834 | $0.00 | $0.00 |
| Exercise | Nonqualified Stock Option (Right to Buy) | 16,667 | $0.00 | $0.00 |
| Exercise | Nonqualified Stock Option (Right to Buy) | 2,499 | $0.00 | $0.00 |
| Exercise | Common Stock | 834 | $12.00 | $10K |
| Exercise | Common Stock | 16,667 | $12.00 | $200K |
| Exercise | Common Stock | 2,499 | $12.00 | $30K |
| Sale | Common Stock | 20,000 | $42.12 | $842K |
Holdings After Transaction:
Nonqualified Stock Option (Right to Buy) — 14,168 contracts (Direct);
Common Stock — 78,065 shares (Direct)
Footnotes (3)
- F1. This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the Reporting Person on March 9, 2026.
- F2. This transaction was executed in multiple trades throughout the day at prices ranging from $42.00 to $42.32. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F3. The options are fully vested.
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $42.12 per share
Options exercised: 20,000 shares
+3 more
6 metrics
Shares sold
20,000 shares
Open-market sale on July 6, 2026
Weighted average sale price
$42.12 per share
Common stock sale on July 6, 2026
Options exercised
20,000 shares
Nonqualified stock options converted to common stock
Option exercise price
$12.00 per share
Nonqualified stock option conversion price
Shares owned after transactions
78,065 shares
Direct MIAX common stock holdings post-transaction
Net buy/sell shares
20,000 shares net sold
Aggregate of all buy/sell transactions in this filing
Key Terms
Rule 10b5-1 Plan, Nonqualified Stock Option (Right to Buy), weighted average sales price, derivative exercise/conversion, +1 more
5 terms
Rule 10b5-1 Plan financial
"This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the Reporting Person"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Nonqualified Stock Option (Right to Buy) financial
"security_title": "Nonqualified Stock Option (Right to Buy)""
weighted average sales price financial
"The price reported above reflects the weighted average sales price."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
open-market sale financial
"transaction_action": "open-market sale""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MIAMI INTERNATIONAL HOLDINGS (MIAX) executive Harish Jayabalan do in this Form 4?
Harish Jayabalan exercised stock options and sold common shares. He exercised 20,000 options at $12.00 per share and sold 20,000 shares in the open market, as disclosed in this Form 4.
What stock options did Harish Jayabalan exercise in MIAX?
He exercised options covering 20,000 shares of MIAX common stock. These were nonqualified stock options with a conversion or exercise price of $12.00 per share, and the options were fully vested at the time of exercise.
What role does Harish Jayabalan hold at MIAMI INTERNATIONAL HOLDINGS (MIAX)?
Harish Jayabalan serves as Executive Vice President, Chief Information Security Officer and Chief Risk Officer. His Form 4 filing reports personal equity transactions in MIAX common stock related to his compensation and holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
