Horizon Kinetics exercises MIAX warrants cashless
MIAMI INTERNATIONAL HOLDINGS, INC. insider activity centers on Horizon Kinetics Asset Management LLC (HKAM), a ten percent owner associated with director Murray Stahl.
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Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. insider activity centers on Horizon Kinetics Asset Management LLC (HKAM), a ten percent owner associated with director Murray Stahl. HKAM exercised warrants to purchase 341,522 shares of common stock at the exercise prices noted.
According to the disclosure, HKAM used a cashless exercise structure, with the issuer withholding 121,054 warrant shares to pay the exercise price and issuing 129,102 shares of common stock to HKAM. After these transactions, HKAM’s indirect common stock holdings stood at 4,689,466 shares. Separately, Mr. Stahl holds fully vested options as reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Warrant (right to buy) | 21,290 | $0.00 | $0.00 |
| In-the-Money Exercise | Warrant (right to buy) | 24,878 | $0.00 | $0.00 |
| In-the-Money Exercise | Warrant (right to buy) | 27,561 | $0.00 | $0.00 |
| In-the-Money Exercise | Warrant (right to buy) | 38,927 | $0.00 | $0.00 |
| In-the-Money Exercise | Warrant (right to buy) | 137,500 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Stock | 21,290 | $15.00 | $319K |
| In-the-Money Exercise | Common Stock | 91,366 | $20.50 | $1.87M |
| In-the-Money Exercise | Common Stock | 137,500 | $20.00 | $2.75M |
| Sale | Common Stock | 121,054 | $40.92 | $4.95M |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
Footnotes (2)
- F1. Horizon Kinetics Asset Management LLC (HKAM) exercised warrants to purchase 341,522 shares of common stock at the exercise prices noted. HKAM paid the exercise price on a cashless basis, resulting in the Issuer withholding 121,054 of the warrant shares to pay the exercise price and issuing to HKAM the remaining 129,102 shares.
- F2. The Options given to Mr. Stahl are fully vested.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Horizon Kinetics Asset Management LLC do in this MIAX Form 4 filing?
What is Horizon Kinetics Asset Management LLC’s MIAX common stock position after these transactions?
Did Murray Stahl personally buy or sell MIAX common stock in this Form 4?
Was the MIAX warrant exercise by Horizon Kinetics a cash transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.
