Director Eckert Kurt M. sells 37,917 shares of MIAX at $39.00 (-21.0% of holdings); stock now -23.3% from 52-week high amid persistent losses.
Director Eckert Kurt M. sold 37,917 shares at $39.00, reducing his stake by 21.0% from 180,292 to 142,375 shares. The sale occurred as MIAX trades at $39.10, down 23.3% from its 52-week high of $50.96 and down 12.4% over the past 90 days, signaling weakness in the stock's recent momentum. Critically, the company reported a net loss of $102,080,000.00 against quarterly revenue of $339,778,000.00, with full-year results also unprofitable—a structural profitability problem that persists despite 19.6% annual revenue growth. This director's material reduction in holdings during a period of depressed valuation and sustained losses warrants investor attention to whether the trade reflects concerns about near-term cash burn or execution risks despite top-line expansion.