Form 4: Interactive Brokers Vice Chairman Sells Shares
Insider Transaction Report
Interactive Brokers Group, Inc. Vice Chairman Earl H Nemser reported the sale of 155,000 Class A common stock shares over two days in late January 2026.
Summary
- Earl H Nemser, Vice Chairman and Director of Interactive Brokers Group, Inc. (IBKR), reported the sale of 155,000 shares of Class A common stock.
- These transactions occurred on January 26 and January 27, 2026, and were executed under a Rule 10b5-1 pre-arranged trading plan.
- The shares were sold at weighted average prices ranging from $75.07 to $77.98 per share.
- Following these sales, Nemser's indirect beneficial ownership through EN Holdings LLC is 0 shares.
- Direct beneficial ownership remains 451,830 shares, which includes Class A common stock attributable to vested restricted stock units and unvested restricted stock units awarded under the amended 2007 Stock Incentive Plan.
Sentiment
Score: 5
Explanation: The filing reports a pre-planned insider sale of shares, which is a neutral event in itself, not directly reflecting company performance or outlook. The use of a 10b5-1 plan mitigates potential negative interpretations.
Positives
- The sales were conducted under a Rule 10b5-1 plan, indicating they were pre-scheduled and not based on immediate, non-public information, which can mitigate negative perceptions of insider selling.
Negatives
- A significant sale of 155,000 shares by a high-ranking executive, even if pre-planned, could be perceived negatively by some investors.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing reports an individual insider transaction and does not provide information directly related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The reported transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | N/A | Indicates adherence to insider trading regulations and pre-planning of stock sales, reducing the likelihood of transactions being based on material non-public information. |
Related Party Transactions
- The shares sold were indirectly beneficially owned by EN Holdings LLC, an entity owned by the Reporting Person and his affiliates.
Stakeholder Impact
- Shareholders: May observe a reduction in a key executive's indirect stake, though mitigated by the 10b5-1 plan disclosure.
- Employees: No direct impact indicated by this transaction.
Key Dates
| Date | Description |
|---|---|
| 01/26/2026 | Sale of 60,882 Class A common stock shares at a weighted average price of $75.83. |
| 01/26/2026 | Sale of 30,817 Class A common stock shares at a weighted average price of $76.72. |
| 01/26/2026 | Sale of 3,101 Class A common stock shares at a weighted average price of $77.98. |
| 01/27/2026 | Sale of 39,731 Class A common stock shares at a weighted average price of $75.07. |
| 01/27/2026 | Sale of 20,469 Class A common stock shares at a weighted average price of $75.75. |
| 01/28/2026 | Date of filing of the Statement of Changes in Beneficial Ownership. |
Keywords
Interactive Brokers, IBKR, Insider Sale, Form 4, Earl H Nemser, Stock Transaction, Class A Common Stock, 10b5-1 Plan
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