Form 4: IBKR CFO Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Interactive Brokers Group CFO Paul J. Brody sold a total of 65,895 Class A common shares in September 2025 under a pre-arranged 10b5-1 trading plan.
Summary
- Paul J. Brody, Chief Financial Officer and Director of Interactive Brokers Group, Inc. (IBKR), reported sales of Class A common stock.
- Transactions occurred on September 19, 2025, and September 22, 2025.
- A total of 65,895 shares were sold across four separate transactions.
- Sales were executed pursuant to a Rule 10b5-1(c) trading plan.
- The shares were sold indirectly through PJB Holdings LLC.
- Weighted average sale prices ranged from $63.94 to $65.19 per share.
- Following these transactions, Brody's indirect beneficial ownership through PJB Holdings LLC is 93,059 shares.
- Brody also directly beneficially owns 2,885,496 Class A common stock, which includes vested and unvested restricted stock units.
Sentiment
Score: 5
Explanation: The filing reports routine insider stock sales by the CFO under a pre-arranged 10b5-1 trading plan, which typically carries a neutral sentiment as it's often for personal financial planning rather than a signal about company performance.
Negatives
- CFO Paul J. Brody reduced his indirect beneficial ownership of Class A common stock by a total of 65,895 shares across multiple transactions.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Sales of Class A common stock were executed indirectly through PJB Holdings LLC, an entity beneficially owned by the reporting person, Paul J. Brody.
Stakeholder Impact
- Shareholders may note a reduction in insider ownership, though the sales were pre-scheduled under a 10b5-1 plan, which generally mitigates concerns about management's view of future prospects.
Key Dates
| Date | Description |
|---|---|
| 09/19/2025 | Sale of 50,553 Class A common shares at a weighted average price of $64.61 and 140 Class A common shares at a weighted average price of $65.19. |
| 09/22/2025 | Sale of 14,639 Class A common shares at a weighted average price of $63.94 and 563 Class A common shares at a weighted average price of $64.61. |
| 09/23/2025 | Date of filing signature by authorized signatory Raymond Bussiere. |
Keywords
Interactive Brokers, IBKR, Paul Brody, CFO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Class A Common Stock
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