Form 4: Cboe Global Markets EVP Dave Howson Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Dave Howson, EVP and Global President of Cboe Global Markets, sold 11,036 shares of common stock at $206.01 per share on February 12, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 12, 2025, Dave Howson, EVP and Global President of Cboe Global Markets, sold 11,036 shares of Cboe Global Markets, Inc. common stock.
- The sale was executed at a price of $206.01 per share.
- Following the transaction, Howson directly owns 8,025 shares of Cboe Global Markets, Inc.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on September 6, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares under a pre-arranged plan.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of trading on non-public information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-09-06 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-02-12 | Date of transaction (sale of shares) |
| 2025-02-14 | Date of Form 4 filing |
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