Form 4: Cboe Executive's Equity Transactions and New RSU Grant

Cboe Global Markets EVP Prashant Bhatia reported the exercise of restricted stock units, subsequent sale of shares for tax, and a new RSU grant.

Summary

• Prashant Bhatia, EVP, Strategy & Corp Dev at Cboe Global Markets, reported equity transactions on February 19, 2026.
• Bhatia acquired 224 shares of Cboe Global Markets Common Stock through the exercise of Restricted Stock Units (RSUs).
• Concurrently, 129 shares of Common Stock were disposed of at $286.17 per share, typically for tax withholding purposes.
• Following these transactions, Bhatia directly beneficially owns 95 shares of Common Stock.
• Bhatia was also granted 2,621 new Restricted Stock Units.
• The 224 RSUs that were exercised began vesting in three equal annual installments on February 19, 2026.
• The newly granted 2,621 RSUs will vest in three equal annual installments beginning on February 19, 2027.
• After these reported transactions, Bhatia beneficially owns 450 Restricted Stock Units from prior grants and 2,621 Restricted Stock Units from the new grant.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction related to executive compensation, involving the exercise of vested restricted stock units, a subsequent tax-related sale, and a new RSU grant, which typically has a neutral impact on market sentiment.

Positives

• Grant of 2,621 new Restricted Stock Units, indicating continued long-term incentive and alignment with company performance for the executive.

Negatives

• Disposition of 129 shares of Common Stock, reducing direct equity ownership, although this is a common practice for tax withholding upon RSU vesting.

Future Outlook

The newly granted 2,621 Restricted Stock Units will vest in three equal annual installments beginning on February 19, 2027. Other previously held Restricted Stock Units (450 units) will continue to vest according to their respective schedules.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as the exercise of restricted stock units and subsequent tax-related sales, along with new equity grants, are standard components of executive compensation packages across the financial services industry. These activities reflect the normal course of long-term incentive plans.

Next Steps

• The newly granted 2,621 Restricted Stock Units will begin their vesting schedule on February 19, 2027.

Key Dates

Recommendation

This Form 4 details routine executive compensation activities, including RSU vesting, a tax-related sale, and a new RSU grant. These transactions do not provide a strong signal for a 'buy' or 'sell' recommendation, suggesting a 'hold' stance as they are part of standard compensation practices and do not indicate a change in company fundamentals or management's long-term view beyond their employment.

Keywords

Cboe Global Markets, CBOE, Form 4, insider transaction, restricted stock units, equity compensation, Prashant Bhatia, executive compensation