MIAX's Tech Chief Cashed In Shares. Here's What to Know
Insider exercised stock options at $12 strike and immediately sold at $45.71 per share under pre-scheduled trading plan adopted in December 2025.
Overview
Douglas M. Schafer Jr, EVP and CIO of Miami International Holdings, Inc. (NYSE:MIAX), reported a sale of 48,000 shares on August 4, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($45.71); post-transaction value based on August 04, 2026 market close ($45.34).
Details
Miami International Holdings is a mid-cap financial services infrastructure provider with a $4.4 billion market capitalization, serving as a critical marketplace operator in U.S. capital markets. The company's diversified platform architecture across options, equities, and futures segments positions it to capture trading volume across multiple asset classes. MIAX maintains competitive advantages through its technology infrastructure, regulatory approvals across multiple asset classes, and established relationships with market participants seeking alternative execution venues.
Source
Originally published at www.fool.com.