Dunaway William J 4
Research Summary
AI-generated summary
StoneX (SNEX) CFO William Dunaway Exercises Options, Sells Shares
What Happened
- William J. Dunaway, CFO of StoneX Group Inc. (SNEX), exercised 84,375 option shares and simultaneously sold 63,602 shares in an open-market transaction on June 12, 2026. The options were exercised at $13.34 per share for a total exercise cost of $1,125,563. The open-market sale of 63,602 shares was reported at an average price of $131.16, generating proceeds of $8,342,013. A separate line reports 84,375 derivative shares disposed at $0, which reflects reporting of the option conversion/settlement mechanics.
Key Details
- Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-15).
- Option exercise: 84,375 shares at $13.34 each — total cost $1,125,563 (transaction code M).
- Open-market sale: 63,602 shares at an average $131.16 — proceeds $8,342,013 (transaction code S). Footnote F1 notes the sale price is an average; the filer can provide per-share prices on request.
- A derivative conversion/disposition line shows 84,375 shares reported at $0 (reflects option-to-stock conversion/settlement reporting).
- Shares owned after the transactions: not provided in the supplied data.
- Timeliness: Filing appears timely (transaction 6/12/2026; Form 4 filed 6/15/2026).
Context
- This filing shows an exercise of options and a contemporaneous sale of a portion of the resulting shares — a common practice when insiders convert options and sell shares to cover the exercise cost and taxes (often referred to as a cashless exercise). The sale is a disposition, not a purchase, and should be interpreted as a realized liquidity event rather than a direct endorsement of future stock performance.
- Transaction codes: M = exercise/conversion of derivative; S = sale. The footnote about average price (F1) means the reported sale price is averaged across trades; exact per-trade prices can be requested from the filer or SEC filings.