Panchal Naineshkumar Shantilal 4

4 · MARKETAXESS HOLDINGS INC · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

MarketAxess (MKTX) CIO Panchal Receives Awards, Surrenders Shares for Taxes

What Happened

Panchal Naineshkumar Shantilal, Chief Information Officer of MarketAxess (MKTX), received awards of shares (restricted/performance stock units) that vested and, to cover tax withholding, surrendered a portion of those shares. Specifically, 3,633 shares were recorded as acquired via awards (394 on 2026-02-13 and 3,239 on 2026-02-15, reported at $0.00), and a total of 1,175 shares were surrendered/disposed to satisfy tax withholding (159 shares and 1,016 shares on 2026-02-15) at $179.36 per share, with the surrendered shares valued at $28,518 and $182,230 respectively (total ~$210,748).

Key Details

Transaction types: Awards/Grants (code A) and share surrender for tax withholding (code F).
Dates & prices: Awards on Feb 13, 2026 (394 shares, $0.00) and Feb 15, 2026 (3,239 shares, $0.00). Withholdings on Feb 15, 2026: 159 shares @ $179.36 and 1,016 shares @ $179.36.
Value of shares surrendered (to cover taxes): $28,518 + $182,230 = $210,748 total.
Shares owned after transaction: Not disclosed in the information provided in this summary.
Filing: Report filed Feb 17, 2026 (covers transactions dated Feb 13 and Feb 15). The filing does not indicate a late reporting flag in the provided details.
Footnotes of note:
- F1: The performance metrics for the performance stock units were certified by the Compensation and Talent Committee on Feb 13, 2026.
- F2/F4: The disposals represent surrender of shares to satisfy tax withholding upon vesting.
- F3: The Feb 15, 2026 grant are restricted stock units that vest 34% on Feb 15, 2027; 33% on Feb 15, 2028; 33% on Feb 15, 2029.

Context

These transactions reflect vesting and tax withholding (common, non‑market sale activity) rather than an open‑market sale or a cash purchase. The performance stock units were certified (F1), and the RSUs have multi‑year vesting schedules (F3). Surrendering shares to cover tax obligations is a routine administrative step and does not necessarily indicate a change in the insider's view of the company's prospects.

Form 4

Period: 2026-02-13

Chief Information Officer

Transactions

Award
Common Stock, par value $0.003 per share
[F1]
2026-02-13+394→ 10,737 total
Tax Payment
Common Stock, par value $0.003 per share
[F2]
2026-02-15$179.36/sh−159$28,518→ 10,578 total
Award
Common Stock, par value $0.003 per share
[F3]
2026-02-15+3,239→ 13,817 total
Tax Payment
Common Stock, par value $0.003 per share
[F4]
2026-02-15$179.36/sh−1,016$182,230→ 12,801 total

Footnotes (4)

[F1]On February 13, 2026, the Compensation and Talent Committee of the Board of Directors of the Issuer certified the performance metrics relating to the performance stock units granted to the Reporting Person on February 15, 2023.
[F2]Represents the surrender of shares to the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of the performance stock units.
[F3]Represents a grant of restricted stock units pursuant to the Company's 2020 Equity Incentive Plan. The restricted stock units shall vest 34% on February 15, 2027, 33% on February 15, 2028, and 33% on February 15, 2029.
[F4]Represents the surrender of shares to the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units previously granted to the Reporting Person.

Signature

/s/ Patrick Wilson as Attorney-in-Fact for Naineshkumar S. Panchal|2026-02-17

1 file