Director at Miami International (MIAX) sells 3,000 shares at $42.78
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miami International Holdings director Judson Gray Teekell sold 3,000 shares of common stock in an open-market transaction. The sale occurred on June 2, 2026 at a weighted average price of $42.78 per share. After this trade, he directly holds 71,014 shares. The transaction was executed under a previously established Rule 10b5-1 trading plan adopted on December 17, 2025, meaning the sale was pre-scheduled rather than opportunistic. Trades were filled in multiple lots during the day at prices ranging from $41.53 to $43.99.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,000 shares ($128,340)
Net Sell
1 txn
Insider
Teekell Judson Gray
Role
null
Sold
3,000 shs ($128K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $42.78 | $128K |
Holdings After Transaction:
Common Stock — 71,014 shares (Direct, null)
Footnotes (1)
- This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the Reporting Person on December 17, 2025. This transaction was executed in multiple trades throughout the day at prices ranging from $41.53 to $43.99. 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.
Key Figures
Shares sold: 3,000 shares
Weighted average sale price: $42.78 per share
Shareholding after transaction: 71,014 shares
+2 more
5 metrics
Shares sold
3,000 shares
Open-market sale of common stock on June 2, 2026
Weighted average sale price
$42.78 per share
Average price for 3,000 shares sold on June 2, 2026
Shareholding after transaction
71,014 shares
Direct ownership following June 2, 2026 sale
Intraday sale price range
$41.53–$43.99 per share
Range of prices across multiple trades on sale date
Rule 10b5-1 plan adoption date
December 17, 2025
Date director adopted trading plan used for this sale
Key Terms
Rule 10b5-1 Plan, weighted average sales price, open-market sale, Form 4
4 terms
Rule 10b5-1 Plan regulatory
"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.
weighted average sales price financial
"The price reported above reflects the weighted average sales price"
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.
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.
FAQ
What insider transaction did MIAX director Judson Gray Teekell report?
Judson Gray Teekell reported selling 3,000 shares of Miami International Holdings common stock. The transaction was an open-market sale executed on June 2, 2026 at a weighted average price of $42.78 per share.
Was the MIAX insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transaction was effected under a previously established Rule 10b5-1 Plan adopted on December 17, 2025. Such plans pre-schedule trades, suggesting the timing of this 3,000-share sale was set in advance.
What type of transaction code appears in this MIAX Form 4 filing?
The Form 4 uses transaction code "S," indicating a sale in an open-market or private transaction. The filing further describes it as an open-market sale of common stock completed on June 2, 2026 under a Rule 10b5-1 Plan.
What price range did the MIAX director’s trades cover on the sale date?
According to the footnotes, the sale was executed in multiple trades at prices ranging from $41.53 to $43.99. The Form 4 reports a weighted average sales price of $42.78 per share for the 3,000 shares sold.