Form 4: Emmons Acquires MIAX Stock and Options

Lance Emmons, EVP and CFO of Miami International Holdings, Inc., reported the acquisition of 37,276 shares of common stock and the grant of stock options on June 16, 2026.

Summary

• Lance Emmons, the Executive Vice President and Chief Financial Officer of Miami International Holdings, Inc. (MIAX), has reported transactions involving company stock and options.
• On June 16, 2026, Emmons acquired 37,276 shares of common stock, with a reported value of $0, indicating these were likely granted as part of a compensation package.
• Additionally, Emmons was granted incentive stock options and nonqualified stock options, both with an exercise price of $40.24.
• The incentive stock option covers 2,485 shares and vests in tranches on June 16, 2027, 2028, and 2029.
• The nonqualified stock option covers 35,861 shares and also vests in tranches on June 16, 2027, 2028, and 2029.
• These grants are subject to Emmons' continued service to the company through the respective vesting dates.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily details routine executive compensation grants and acquisitions rather than significant strategic shifts or financial performance indicators.

Positives

• Acquisition of 37,276 shares of common stock by a key executive.
• Grant of stock options (incentive and nonqualified) to the EVP and CFO, aligning executive interests with shareholder value.
• Vesting schedule for RSUs and options spread over three years, encouraging long-term commitment.

Negatives

• The acquisition of common stock was at a reported price of $0, suggesting it was a grant rather than an open market purchase, which could be viewed neutrally or negatively depending on the context of the grant.

Risks

• The vesting of RSUs and stock options is contingent upon the Reporting Person's continued service to the Issuer or its subsidiaries, meaning departure before vesting dates would result in forfeiture of these awards.
• The exercise price of the stock options ($40.24) is higher than the reported acquisition price of the common stock ($0), implying that the value of these options is dependent on future stock price appreciation.

Future Outlook

The future outlook for the acquired stock and options is dependent on the continued service of Lance Emmons and the future performance of Miami International Holdings, Inc.'s stock price, which must exceed the $40.24 exercise price for the options to be profitable.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and potential insider buying or selling activity. The grant of options and RSUs to a CFO is typical for aligning executive incentives with long-term company performance.

Stakeholder Impact

• Shareholders: The grants align executive incentives with long-term stock performance, potentially benefiting shareholders if the company's value increases.
• Employees: The vesting conditions emphasize the importance of continued service, reinforcing employee retention strategies.
• Management: The grants represent a significant component of executive compensation for Lance Emmons.

Next Steps

• Continued service by Lance Emmons to meet vesting requirements for RSUs and stock options.
• Potential exercise of stock options if the stock price exceeds the $40.24 exercise price after vesting.
• Future Form 4 filings will report any further transactions by Lance Emmons.

Key Dates

Keywords

Form 4, SEC Filing, Miami International Holdings, MIAX, Lance Emmons, EVP and CFO, Stock Options, Restricted Stock Units, Beneficial Ownership, Insider Trading, Executive Compensation