Insider Buying Fuels Confidence Amid a Volatile Market The latest Form 4 from MIAMI INTERNATIONAL HOLDINGS shows that CEO‑designated owner Vermaas Cees executed a sizable purchase of 4,660 shares of the company’s common stock on 16 June 2026. The transaction was made at the prevailing market price of $37.65, matching the closing price of $37.8 for the day, and was accompanied by a simultaneous exercise of 4,793 non‑qualified stock options. Together, the buy‑side activity represents a net increase of more than 9,400 shares in Cees’s personal holdings and a corresponding rise in his post‑transaction equity stake.
Executive Confidence in a Down‑Trended Stock The buy is notable not just for its size, but for its timing. The stock has been under pressure—down 8.8 % over the week and 29.4 % over the month—yet Cees and the broader senior‑management group (including the EVP‑CIO, EVP‑CFO, EVP‑Chief Strategy Officer and Chairman) have continued to purchase shares at a rate that outpaces the overall market decline. Their collective buying activity, which totals more than 800,000 shares across eight insiders, signals a belief that the company’s long‑term valuation has yet to fully reflect its prospects in the regulated marketplace space. The high social‑media buzz (613 % activity) and a positive sentiment score (+53) suggest that the market is paying close attention to these insider moves.
Implications for Investors and Strategic Outlook For investors, the insider buying is a bullish cue that the leadership team remains confident in MIAX’s ability to generate value through its technology‑enabled financial marketplaces. The company’s market cap of roughly $3.8 billion and its recent 52‑week high of $57.14 imply that the current price may still have room to recover. At the same time, the sustained exercise of non‑qualified options indicates that senior management is willing to commit capital to the company’s future, potentially aligning their interests more closely with shareholders. However, the absence of any new strategic initiatives in the contemporaneous 8‑K filing and the continued decline in weekly and monthly price trends remind investors that the company’s growth narrative remains under pressure from broader market dynamics and sector competition.
Conclusion While the stock’s recent performance has been uneven, the recent insider purchases—especially the sizeable transaction by Vermaas Cees—suggest a belief in the company’s underlying business model and a willingness among top executives to back that belief with capital. For investors seeking opportunities in the financial marketplace sector, the insider activity may be a signal to monitor MIAX’s next quarterly earnings and any forthcoming strategic moves that could validate the leadership’s confidence and support a rebound in share price.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-06-16 | Vermaas Cees (CEO of TISEG) | Buy | 4,660.00 | N/A | Common Stock |
| 2026-06-16 | Vermaas Cees (CEO of TISEG) | Buy | 4,793.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Jayabalan Harish (EVP, CISO and CRO) | Buy | 4,660.00 | N/A | Common Stock |
| 2026-06-16 | Jayabalan Harish (EVP, CISO and CRO) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Jayabalan Harish (EVP, CISO and CRO) | Buy | 34,808.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Deitzel Edward (EVP, CRO, CCO MIAX Exchanges) | Buy | 9,319.00 | N/A | Common Stock |
| 2026-06-16 | Deitzel Edward (EVP, CRO, CCO MIAX Exchanges) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Deitzel Edward (EVP, CRO, CCO MIAX Exchanges) | Buy | 7,101.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Smollen John (EVP, New Product Development) | Buy | 7,455.00 | N/A | Common Stock |
| 2026-06-16 | Smollen John (EVP, New Product Development) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Smollen John (EVP, New Product Development) | Buy | 5,184.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Schafer Douglas M. JR (EVP and CIO) | Buy | 23,298.00 | N/A | Common Stock |
| 2026-06-16 | Schafer Douglas M. JR (EVP and CIO) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Schafer Douglas M. JR (EVP and CIO) | Buy | 21,481.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Emmons Lance (EVP and CFO) | Buy | 37,276.00 | N/A | Common Stock |
| 2026-06-16 | Emmons Lance (EVP and CFO) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Emmons Lance (EVP and CFO) | Buy | 35,861.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Brown Shelly (EVP, Chief Strategy Officer) | Buy | 37,276.00 | N/A | Common Stock |
| 2026-06-16 | Brown Shelly (EVP, Chief Strategy Officer) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Brown Shelly (EVP, Chief Strategy Officer) | Buy | 35,861.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Comly Barbara J. (EVP, GC & Corporate Secretary) | Buy | 39,140.00 | N/A | Common Stock |
| 2026-06-16 | Comly Barbara J. (EVP, GC & Corporate Secretary) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Comly Barbara J. (EVP, GC & Corporate Secretary) | Buy | 37,778.00 | N/A | Nonqualified Stock Option (Right to Buy) |
| 2026-06-16 | Gallagher Thomas P. (Chairman & CEO) | Buy | 232,977.00 | N/A | Common Stock |
| 2026-06-16 | Gallagher Thomas P. (Chairman & CEO) | Buy | 2,485.00 | N/A | Incentive Stock Option (Right to Buy) |
| 2026-06-16 | Gallagher Thomas P. (Chairman & CEO) | Buy | 237,175.00 | N/A | Nonqualified Stock Option (Right to Buy) |




