Form 4: Shelly Brown Sells MIAX Holdings Stock
Statement of Changes in Beneficial Ownership
Shelly Brown, EVP, Chief Strategy Officer of MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX), reported a sale of 2,357 shares of common stock on April 6, 2026, and 900 shares on April 7, 2026, pursuant to a Rule 10b5-1 trading plan.
Summary
- Shelly Brown, an officer of MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX), sold shares of common stock on April 6 and April 7, 2026.
- The sale on April 6, 2026, involved 2,357 shares at a weighted average price of $41.33, executed under a Rule 10b5-1 trading plan established on December 22, 2025.
- An additional 900 shares were sold on April 7, 2026, at a price of $42 per share.
- Following these transactions, Shelly Brown beneficially owns 324,147 shares of common stock directly.
Sentiment
Score: 4
Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to insider selling, although the use of a Rule 10b5-1 plan mitigates concerns about opportunistic trading.
Negatives
- Company insider, Shelly Brown, sold a total of 3,257 shares of common stock.
- The sales occurred on consecutive days, indicating a potential divestment of holdings.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it solely reports past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan suggests a pre-arranged selling strategy, often employed by executives to diversify holdings or manage personal finances without appearing to trade on material non-public information.
Stakeholder Impact
- Shareholders may view insider selling with caution, although the pre-planned nature of the sales via a Rule 10b5-1 plan may lessen negative sentiment.
Key Dates
| Date | Description |
|---|---|
| 2025-12-22 | Date Rule 10b5-1 trading plan was adopted by Shelly Brown. |
| 2026-04-06 | Date of initial transaction (sale of 2,357 shares). |
| 2026-04-07 | Date of subsequent transaction (sale of 900 shares). |
| 2026-04-08 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
MIAMI INTERNATIONAL HOLDINGS, INC., MIAX, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Beneficial Ownership
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