Form 4: MIAX Executive Acquires Shares and Options

Cees Vermaas, CEO of TISEG at Miami International Holdings, Inc., acquired 4,660 restricted stock units and was granted 4,793 stock options.

Summary

• Cees Vermaas, CEO of TISEG and an officer of Miami International Holdings, Inc. (MIAX), reported a transaction on June 16, 2026.
• Vermaas acquired 4,660 restricted stock units (RSUs) with no cost, which will vest over three years starting June 16, 2027.
• Additionally, Vermaas was granted 4,793 non-qualified stock options with an exercise price of $40.24, also vesting over three years starting June 16, 2027.
• These securities are subject to continued service with the company through their respective vesting dates.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard executive compensation practices rather than significant new financial performance or strategic shifts.

Positives

• Grant of stock options and RSUs indicates management's continued commitment and alignment with shareholder interests.
• Vesting schedule over three years encourages long-term retention and performance.
• The acquisition of RSUs and grant of options suggest confidence in the company's future prospects by a key executive.

Negatives

• The filing does not contain any negative financial or operational information.

Risks

• Continued service is required for vesting, meaning any departure before vesting dates will result in forfeiture of the RSUs and options.
• The value of the stock options is subject to market fluctuations and the company's stock performance.

Future Outlook

The vesting schedules for the RSUs and stock options suggest a positive outlook for the company, as these grants are typically tied to continued service and performance over the next three years.

Industry Context

StockSavvy.ai notes that the granting of stock options and RSUs to executives is a common practice in the financial services and technology sectors, aligning executive compensation with company performance and long-term value creation.

Stakeholder Impact

• Shareholders: The grants align executive interests with long-term shareholder value, potentially leading to improved company performance.
• Employees: The focus on continued service for vesting may reinforce a culture of long-term commitment within the executive team.
• Management: Cees Vermaas benefits from potential future equity value, contingent on continued employment and company performance.

Next Steps

• Continued service by Cees Vermaas to meet vesting requirements for RSUs and stock options.
• Monitoring of Miami International Holdings, Inc.'s stock performance in relation to the value of the granted options.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Options, Restricted Stock Units, Miami International Holdings, MIAX, Executive Compensation, Beneficial Ownership