Nemser Earl H 4
4 · Interactive Brokers Group, Inc. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Interactive Brokers (IBKR) Vice Chair Earl H. Nemser Sells Shares
What Happened
Earl H. Nemser, Vice Chairman and Director of Interactive Brokers Group, sold a total of 245,000 shares in open-market transactions on January 22–23, 2026, for aggregate proceeds of roughly $18.97 million. The sales were: 100,000 shares at a weighted avg price of $76.81 ($7,681,000), 84,935 shares at a weighted avg $77.65 ($6,595,203), and 60,065 shares at a weighted avg $78.14 ($4,693,479). These transactions are dispositions (sales), which are generally considered routine insider selling rather than a bullish signal.
Key Details
- Dates and prices:
- 2026-01-22: 100,000 shares sold, weighted avg $76.81 (individual trade prices ranged $76.45–$77.34) — proceeds $7,681,000. (Footnote F2)
- 2026-01-23: 84,935 shares sold, weighted avg $77.65 (prices ranged $77.02–$78.01) — proceeds $6,595,203. (Footnote F3)
- 2026-01-23: 60,065 shares sold, weighted avg $78.14 (prices ranged $78.02–$78.44) — proceeds $4,693,479. (Footnote F4)
- Total shares sold: 245,000; total proceeds: ~$18,969,682.
- Shares owned after transaction: not specified in the provided excerpt. The filing notes ownership through EN Holdings LLC (Footnote F1) and references holdings that include vested and unvested restricted stock units (Footnote F5).
- Footnotes: weighted-average prices reflect multiple trades within stated ranges; the reporting person has offered to provide a breakdown of shares sold at each price on request (F2–F4). F1 indicates indirect ownership via EN Holdings LLC.
- Timeliness: Transaction dates Jan 22–23, 2026; Form 4 filed Jan 26, 2026 — filing appears timely (not marked late).
Context
- Code S = Sale (disposition). Sales do not necessarily indicate negative views about the company; they can be for personal liquidity or other reasons.
- Ownership is at least partly indirect (EN Holdings LLC) and the filing also references restricted stock units, which can affect reported holdings.
- If you track insider activity, purchases usually carry more weight as potential bullish signals; sales are informative for monitoring insiders’ liquidity events.
Insider Transaction Report
Form 4
Nemser Earl H
DirectorVice Chairman
Transactions
- Sale
Class A common stock
[F2][F1]2026-01-22$76.81/sh−100,000$7,681,000→ 300,000 total(indirect: By LLC) - Sale
Class A common stock
[F3][F1]2026-01-23$77.65/sh−84,935$6,595,203→ 215,065 total(indirect: By LLC) - Sale
Class A common stock
[F4][F1]2026-01-23$78.14/sh−60,065$4,693,479→ 155,000 total(indirect: By LLC)
Holdings
- 451,830
Class A common stock
[F5]
Footnotes (5)
- [F1]Represents number of securities owned by EN Holdings LLC, which is owned by the Reporting Person and his affiliates.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.45 to $77.34. The Reporting Person undertakes to provide Interactive Brokers Group, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes (2) - (4) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.02 to $78.01.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.02 to $78.44.
- [F5]This amount includes (a) Class A common stock attributable to vested restricted stock units that were awarded under the amended 2007 Stock Incentive Plan ("Plan") and (b) unvested restricted stock units that were awarded under the Plan.
Signature
/s/ Raymond Bussiere as authorized signatory for Earl H Nemser|2026-01-26