Nemser Earl H 4
Research Summary
AI-generated summary
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.