Fiszel Bieler Ilene 4

What Happened Ilene Fiszel Bieler, Chief Financial Officer of MarketAxess Holdings, was granted 5,005 restricted stock units (RSUs) on February 15, 2026 (reported on Form 4). The grant is recorded at $0.00 per share on the Form 4 (code A). On the same date, 439 shares were surrendered to the company to satisfy tax withholding obligations at an indicated price of $179.36 per share, resulting in proceeds/withholding of $78,739 (code F). The award is a grant of RSUs rather than an open-market buy or sale.

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 17, 2026 (appears timely).
• Grant: 5,005 RSUs (transaction code A); price reported as $0.00 on the Form 4.
• Tax withholding: 439 shares surrendered (transaction code F) at $179.36/share = $78,739.
• Vesting schedule (per footnote): 34% vests Feb 15, 2027; 33% vests Feb 15, 2028; 33% vests Feb 15, 2029.
• Shares owned after the transaction: not specified in the supplied filing details.
• Footnotes: F1 describes the RSU grant and vesting schedule; F2 confirms the 439-share surrender was to satisfy tax withholding.

Context RSU grants are compensation awards and typically vest over time; they are not the same as a market purchase (which could be seen as a bullish signal). The 439-share disposition was a routine share surrender to cover taxes upon vesting and should be interpreted as tax-related, not an open-market sale for investment reasons.