Form 4: Cboe Global Markets EVP Dave Howson Sells Shares Under 10b5-1 Trading Plan

Dave Howson, EVP and Global President of Cboe Global Markets, sold shares of the company's common stock on July 25th and 26th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Dave Howson, an EVP at Cboe Global Markets, sold shares of common stock on July 25 and July 26, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 11, 2024.
• On July 25, 2024, 2,302 shares were sold at a weighted average price of $188.19, with individual prices ranging from $188.00 to $189.00.
• An additional 90 shares were sold on July 25, 2024, at $189.01.
• On July 26, 2024, 35 shares were sold at a weighted average price of $188.14, with individual prices ranging from $188.00 to $188.53.
• Following these transactions, Howson directly owns 12,646 shares of Cboe Global Markets common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.

Industry Context

Sales by executives are a normal part of corporate governance. It is important to note that the sales were executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates