Monitor for additional selling in coming weeks — while current activity is within normal ranges for option monetization, sustained net selling by insiders, especially C-suite, could signal caution. Compare next earnings report to recent price strength.
Price Chart
Executive Summary
Two insiders at MIAX sold shares in the past week, with EVP Shelly Brown selling $1.02M in stock and Director Kurt Eckert selling $1.48M after exercising options to acquire 12,917 shares at $12. The total open-market sales amount to $2.5M, representing 0.07% of the company's $3.6B market cap. Most transactions were related to option exercises and tax-efficient monetization.
Key Financial Metrics
Key Facts
- EVP Shelly Brown sold 25,932 shares in the open market for $1.02M at $39.33 per share.
- Director Kurt Eckert exercised options to acquire 12,917 shares at $12, then sold 37,917 shares (including prior holdings) for $1.48M at $39.
- Total open-market sales in the cluster: $2.5M.
- Total insider sales over last 30 days: $4.4M vs $935K in buys.
- No C-suite executives other than Brown were involved in open-market dispositions.
Financial Impact
$2.5M in open-market sales (0.07% of $3.6B market cap), plus $310K in non-cash option exercises.
Risk Factors
- Perception of insider profit-taking after stock appreciation.
- Potential for increased selling pressure if more option holders exercise near-term.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (4 trades, 7d window) | cluster-MIAX-1774387753103 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | Press Release | $33.75 $33.01 | ▼ −2.19% | ▼ −2.93% | $33.19 (−1.66%) |
Sep 4, 2026 7w ago | Insider Cluster | $43.46 $42.89 | ▼ −1.31% | ▼ −0.85% | $33.19 (−23.63%) |
Sep 4, 2026 7w ago | Insider Cluster | $43.46 $42.89 | ▼ −1.31% | ▼ −0.85% | $33.19 (−23.63%) |
Aug 19, 2026 9w ago | Insider Cluster | $41.32 $42.59 | ▲ +3.07% | ▲ +2.66% | $33.19 (−19.68%) |
Aug 19, 2026 9w ago | Insider Cluster | $41.32 $42.59 | ▼ −3.07% | ▼ −2.66% | $33.19 (+19.68%) |
Aug 6, 2026 11w ago | Insider Cluster | $44.23 $43.59 | ▲ +1.45% | ▲ +1.42% | $33.19 (+24.96%) |
Jul 16, 2026 14w ago | Insider Cluster | $42.33 $42.04 | ▼ −0.69% | ▼ −0.52% | $33.19 (−21.59%) |
Jul 14, 2026 14w ago | Insider Cluster | $42.43 $42.89 | ▲ +1.08% | ▲ +1.63% | $33.19 (−21.78%) |
Jul 7, 2026 15w ago | Insider Cluster | $41.86 $42.99 | ▲ +2.70% | ▲ +1.85% | $33.19 (−20.71%) |
Jul 7, 2026 15w ago | Insider Cluster | $41.86 $42.99 | ▲ +2.70% | ▲ +1.85% | $33.19 (−20.71%) |
US Market Status
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