Coordinated selling by C-suite executives, especially the CEO, following option exercises suggests profit-taking at elevated levels. Traders should watch for downward pressure on the stock and any upcoming earnings or guidance changes that may have prompted the timing.
Price Chart
Executive Summary
Three executives at MIAX sold a combined $2.3 million in shares over a 7-day period, including CEO Thomas Gallagher selling $3.04 million on April 15. The cluster reflects coordinated open-market selling by top leadership, with total insider sales reaching $4.3 million in 30 days, signaling potential lack of confidence despite recent option exercises.
Key Financial Metrics
Key Facts
- CEO Thomas P. Gallagher sold 70,001 shares for $3.04 million on April 15, following option exercise.
- EVP Barbara Comly sold 29,667 shares for $1.29 million on April 15, also after exercising options.
- Two additional EVPs sold $1.01 million combined on April 8.
- Total open-market sales in the past 7 days: $4.3 million across 3 executives.
- Total insider sales represent ~0.1% of MIAX's $4.1B market cap — significant for insider activity level.
Financial Impact
$4.3 million in insider selling over 30 days, with $2.3 million in one week
Risk Factors
- Perception of insider pessimism could erode investor confidence.
- Further selling from insiders or institutions if business momentum slows.
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-1776456999255 |
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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