Emmons Lance

CFO Emmons Lance sells 35,000 MIAX shares at $56.36 via pre-arranged 10b5-1 plan; stock up 20.7% in 30 days.

Emmons Lance, EVP and CFO, executed a scheduled sale of 35,000 shares at $56.36 under a 10b5-1 trading plan adopted on 2025-12-17, reducing his holdings by -29.3% to 84,262 shares post-transaction. The sale occurs as MIAX stock has risen 20.7% over the past 30 days and 33.3% over the past 90 days, though current price of $54.51 sits 4.6% below the 52-week high of $57.14. Since this transaction is part of a pre-arranged schedule rather than discretionary timing, the sale reflects contractual execution rather than a market judgment call. Investors should note the company generated $369,690,000.00 in latest quarterly revenue and $170,224,000.00 in net income, though full-year net income was negative, suggesting the quarterly profit may not be sustainable at the reported magnitude.

CFO Emmons Lance bought 4 shares of MIAX at $31.44; 9 other insiders bought within 14 days (cluster pattern).

Emmons Lance, EVP and CFO, purchased 4 shares at $31.44 on 2025-08-14 in a recent listing that has traded for only 3 days. This transaction is part of a cluster pattern, with 9 other insiders also buying within the past 14 days, suggesting broad internal appetite at current levels. However, the small share count (4 shares for $125.76), the very recent IPO status (which limits meaningful historical context), and the FLAG indicating derivative-conversion activity mean this trade should be read as a partial conversion rather than a full-position statement. The insider's complete shareholding picture resides in Form 4 Table II (derivatives), which is not yet populated in the database, so the reported 4 post-transaction shares do not represent the insider's total position.