Galik Milan 4

What Happened

• Milan Galik, CEO of Interactive Brokers Group, had 255,039 shares of Class A common stock disposed (withheld) on May 8, 2026 to satisfy tax withholding obligations. The withholding used a per-share price of $84.42, for a total value of $21,530,392. The transaction is reported on a Form 4 filed May 28, 2026.
• Transaction code F indicates payment of an exercise price or tax liability (here, tax withholding on RSUs), not an open‑market sale — this is typically a routine payroll tax withholding and not necessarily a signal about the insider’s view of the stock.

Key Details

• Transaction date and price: May 8, 2026 at $84.42 per share (closing price on vesting date, per filing footnote).
• Shares disposed/withheld: 255,039 shares; total value ≈ $21,530,392.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnotes: F1—price is the closing price on May 8, 2026 (vesting date). F2—the amount includes (a) Class A shares attributable to vested restricted stock units awarded under the amended 2007 Stock Incentive Plan and (b) unvested restricted stock units awarded under the Plan.
• Timeliness: Form filed May 28, 2026 for a May 8 transaction — appears late relative to the usual 2-business-day Form 4 deadline (transactionTimeliness = 'L').

Context

• This was a tax-withholding/share-surrender related to restricted stock units (RSUs), not a market sale. Such withholdings are common when RSUs vest and are generally administrative rather than indicative of buying/selling intent.
• Retail investors should note the distinction between withheld shares for taxes and deliberate sales; purchases by insiders tend to carry more weight when assessing insider sentiment.