The selling is minimal in both absolute and relative terms and likely reflects personal portfolio management rather than negative sentiment. No immediate trading signal; monitor for escalation in volume or additional C-suite participation.
Price Chart
Executive Summary
Two corporate insiders at MIAX sold shares in the past week, including EVP Shelly Brown and Director Judson Teekell, generating $205,000 in total open-market proceeds. The sales are small relative to MIAX's $3.8B market cap, representing less than 0.01% of equity value.
Key Financial Metrics
Key Facts
- EVP Shelly Brown sold 2,357 shares at $41.33 for $97,415 on 2026-04-06
- Director Judson Teekell sold 2,700 shares at $40.00 for $108,000 on 2026-04-02
- Total insider selling cluster value: $205,000 over a 7-day window
- All transactions were open-market sales (code 'S'), not derivative or tax-related events
- No insider purchases or non-cash transactions reported in this cluster
Financial Impact
$205,000 in total open-market share sales, representing 0.005% of $3.8B market cap
Risk Factors
- Continued insider selling at higher volumes could signal waning confidence
- If future filings reveal larger divestitures or participation by CEO/CFO, sentiment could shift to bearish
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MIAX-1775679639537 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | — | awaiting T+1 | — | — |
Oct 1, 2026 25d ago | Press Release | $33.75 $33.01 | ▼ −2.19% | ▼ −2.93% | $33.98 (+0.68%) |
Sep 4, 2026 7w ago | Insider Cluster | $43.46 $42.89 | ▼ −1.31% | ▼ −0.85% | $33.98 (−21.81%) |
Sep 4, 2026 7w ago | Insider Cluster | $43.46 $42.89 | ▼ −1.31% | ▼ −0.85% | $33.98 (−21.81%) |
Aug 19, 2026 9w ago | Insider Cluster | $41.32 $42.59 | ▲ +3.07% | ▲ +2.66% | $33.98 (−17.76%) |
Aug 19, 2026 9w ago | Insider Cluster | $41.32 $42.59 | ▼ −3.07% | ▼ −2.66% | $33.98 (+17.76%) |
Aug 6, 2026 11w ago | Insider Cluster | $44.23 $43.59 | ▲ +1.45% | ▲ +1.42% | $33.98 (+23.17%) |
Jul 16, 2026 14w ago | Insider Cluster | $42.33 $42.04 | ▼ −0.69% | ▼ −0.52% | $33.98 (−19.73%) |
Jul 14, 2026 14w ago | Insider Cluster | $42.43 $42.89 | ▲ +1.08% | ▲ +1.63% | $33.98 (−19.92%) |
Jul 7, 2026 15w ago | Insider Cluster | $41.86 $42.99 | ▲ +2.70% | ▲ +1.85% | $33.98 (−18.82%) |
US Market Status
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