Insider selling is negligible in size and unlikely to signal a material change in fundamentals. Monitor for larger insider transactions or upcoming corporate events (e.g., earnings, M&A) that could provide clearer directional cues.
Price Chart
Executive Summary
Three MIAX insiders (an EVP, an EVP/CISO, and a Director) sold a combined $1.41M in open-market transactions over a one-week window. The total sales represent only 0.037% of MIAX's $3.8B market cap, well below the 0.1% materiality threshold, making this a trivial cluster with no strong directional signal.
Key Financial Metrics
Key Facts
- EVP & Chief Strategy Officer Brown Shelly sold 4,714 shares at $44.23 for $209K on June 15.
- EVP & CISO/CRO Jayabalan Harish sold 9,800 shares at $40.04 for $392K on June 9.
- Director Schwarzkopf Cynthia sold 19,500 shares at $41.73 for $814K on June 11 (also exercised derivative for $234K same day).
- Total insider sales of $1.41M are 0.037% of MIAX's $3.8B market cap.
- No CEO or CFO selling; two of the sellers are EVP-level (C-suite) but amounts are negligible.
Financial Impact
Total insider sales of $1.41M represent 0.037% of MIAX's $3.8B market cap, well below the 0.1% materiality threshold.
Risk Factors
- Although this cluster is trivial, continued selling by multiple executives over time could indicate growing caution.
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-1781727045633 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $33.16 | awaiting T+1 | — | $32.37 (−2.38%) |
Oct 1, 2026 26d ago | Press Release | $33.75 $33.01 | ▼ −2.19% | ▼ −2.93% | $32.37 (−4.09%) |
Sep 4, 2026 7w ago | Insider Cluster | $43.46 $42.89 | ▼ −1.31% | ▼ −0.85% | $32.37 (−25.52%) |
Sep 4, 2026 7w ago | Insider Cluster | $43.46 $42.89 | ▼ −1.31% | ▼ −0.85% | $32.37 (−25.52%) |
Aug 19, 2026 9w ago | Insider Cluster | $41.32 $42.59 | ▲ +3.07% | ▲ +2.66% | $32.37 (−21.66%) |
Aug 19, 2026 9w ago | Insider Cluster | $41.32 $42.59 | ▼ −3.07% | ▼ −2.66% | $32.37 (+21.66%) |
Aug 6, 2026 11w ago | Insider Cluster | $44.23 $43.59 | ▲ +1.45% | ▲ +1.42% | $32.37 (+26.81%) |
Jul 16, 2026 14w ago | Insider Cluster | $42.33 $42.04 | ▼ −0.69% | ▼ −0.52% | $32.37 (−23.53%) |
Jul 14, 2026 14w ago | Insider Cluster | $42.43 $42.89 | ▲ +1.08% | ▲ +1.63% | $32.37 (−23.71%) |
Jul 7, 2026 15w ago | Insider Cluster | $41.86 $42.99 | ▲ +2.70% | ▲ +1.85% | $32.37 (−22.67%) |
US Market Status
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