Form 4: Miami International Holdings Executive Sells Shares
Insider Transaction (Form 4)
Douglas M. Schafer Jr, EVP and CIO of Miami International Holdings, Inc., sold 40,000 shares of common stock on October 2, 2026 for $33.34 per share.
Summary
- Option exercise/conversion: acquired 40,000 Common Stock at $12.00 ($480,000) on October 2, 2026; holds 427,414 after (Direct).
- Open-market sale: disposed of 40,000 Common Stock at $33.34 ($1,333,600) on October 2, 2026; holds 387,414 after (Direct).
- Option exercise/conversion: disposed of 40,000 Nonqualified Stock Option (Right to Buy) on October 2, 2026; holds 155,334 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,333,600 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Douglas M. Schafer Jr — Officer (EVP and CIO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-02 | Option exercise/conversion | Common Stock | 40,000 | $12 | $480.0K | 427,414 |
| 2026-10-02 | Open-market sale | Common Stock | 40,000 | $33 | $1.3M | 387,414 |
| 2026-10-02 | Option exercise/conversion | Nonqualified Stock Option (Right to Buy) | 40,000 | — | — | 155,334 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-02 | Option exercise/conversion (40,000 shares) |
| 2026-10-02 | Open-market sale (40,000 shares) |
| 2026-10-02 | Option exercise/conversion (40,000 shares) |
Keywords
insider transaction, Form 4, MIAX, MIAMI INTERNATIONAL HOLDINGS, INC., bearish, Douglas M. Schafer Jr
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