Form 4: Shelly Brown Acquires MIAX Holdings Stock and Options

Shelly Brown, EVP, Chief Strategy Officer of Miami International Holdings, Inc. (MIAX), acquired 37,276 shares of common stock and was granted stock options on June 16, 2026.

Summary

• Shelly Brown, the EVP, Chief Strategy Officer of Miami International Holdings, Inc. (MIAX), acquired 37,276 shares of common stock on June 16, 2026.
• The acquisition of common stock was valued at $0, indicating it was likely a grant or award.
• Brown also received incentive stock options and nonqualified stock options on the same date.
• The incentive stock options are for 2,485 shares with an exercise price of $40.24, vesting in tranches through June 16, 2029.
• The nonqualified stock options are for 35,861 shares with an exercise price of $40.24, also vesting in tranches through June 16, 2029.
• Following these transactions, Brown beneficially owns 353,990 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard executive compensation practices and a commitment from a key officer.

Positives

• Acquisition of a significant number of shares (37,276) by a key executive, Shelly Brown.
• Granting of stock options to a key executive, aligning their interests with shareholders.
• The executive's continued service is a condition for vesting, indicating a commitment to the company.
• Brown's beneficial ownership of 353,990 shares demonstrates a substantial stake in the company.

Negatives

• The acquisition of 37,276 shares was at a price of $0, suggesting these were awarded rather than purchased, which could be viewed neutrally or as a form of compensation.
• The stock options have an exercise price of $40.24, meaning they will only be profitable if the stock price rises above this level.

Risks

• Vesting of RSUs and stock options is contingent upon continued service, meaning departure from the company before vesting dates would result in forfeiture.
• The value of the stock options is dependent on future stock price performance, which is subject to market volatility and company performance.

Future Outlook

The vesting schedules for the granted stock options and RSUs extend through June 16, 2029, indicating a long-term incentive structure tied to continued employment and potential stock price appreciation.

Industry Context

StockSavvy.ai notes that the granting of stock options and RSUs to executives is a common practice in the financial services and exchange industry to incentivize performance and retain key talent, aligning executive interests with those of shareholders.

Stakeholder Impact

• Shareholders: The granting of stock options to a key executive can be viewed positively as it aligns management's interests with increasing shareholder value, provided the company's stock performs well.
• Employees: This filing highlights executive compensation practices, which may indirectly influence broader employee compensation discussions.
• Management: Shelly Brown's compensation is directly tied to her continued service and the company's stock performance.

Next Steps

• Shelly Brown is expected to continue her service with Miami International Holdings, Inc. through the vesting dates of her RSUs and stock options.
• The company's stock performance will determine the ultimate value realized from the granted options.

Key Dates

Keywords

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