CEO Duffy's sale is routine portfolio diversification at a large-cap exchange operator — no signal of distress or material non-public information. Director Cook's sale is de minimis. Ignore this cluster; focus on CME's upcoming Q3 earnings and volume trends in interest rate and equity derivatives.
Price Chart
Executive Summary
CME Chairman & CEO Terrence Duffy sold $4.12M of open-market shares (14,372 + 628 shares) on September 10, 2026, and Director Elizabeth Cook sold $140K on September 14. The CEO's sale alone represents ~0.001% of CME's ~$98B market cap, making it trivial relative to company size.
Key Financial Metrics
Key Facts
- CEO Terrence Duffy sold 15,000 shares total ($4.12M) in open-market transactions on September 10, 2026
- Director Elizabeth Cook sold 500 shares ($140K) on September 14, 2026
- Total cluster value of $4.26M is ~0.004% of CME's estimated $98B market cap — well below 0.1% materiality threshold
- No 10b5-1 plan indicated, but CEO sales at this magnitude are routine diversification for a large-cap CEO
Financial Impact
CEO sold ~0.001% of his likely total holdings (15,000 shares vs. typical CEO stake of 100K+ shares); total cluster is ~0.004% of market cap
Risk Factors
- No material risk identified from this cluster — sales are trivial relative to market cap
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CME-1789708613803 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | Institutional Cluster | $306.28 | awaiting T+60 | — | $307.73 (+0.47%) |
Oct 22, 2026 3d ago | 144 | $305.98 | awaiting T+60 | — | $307.73 (+0.57%) |
Oct 22, 2026 4d ago | ANALYST-UPGRADE | $305.98 | awaiting T+60 | — | $307.73 (+0.57%) |
Oct 21, 2026 5d ago | 8-K | $295.79 | awaiting T+60 | — | $307.73 (+4.04%) |
Oct 21, 2026 5d ago | Press Release | $295.79 | awaiting T+60 | — | $307.73 (+4.04%) |
Oct 2, 2026 24d ago | ANALYST-UPGRADE | $263.14 | awaiting T+60 | — | $307.73 (+16.95%) |
Sep 14, 2026 5w ago | Insider Cluster | $275.09 | awaiting T+60 | — | $307.73 (+11.87%) |
Sep 14, 2026 5w ago | Insider Cluster | $275.09 | awaiting T+60 | — | $307.73 (+11.87%) |
Aug 19, 2026 9w ago | ANALYST-DOWNGRADE | — | awaiting T+60 | — | — |
Jul 22, 2026 13w ago | 8-K | $249.24 $289.46 | ▲ +16.14% | ▲ +12.88% | $307.73 (+23.47%) |
US Market Status
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