StoneX (SNEX) CEO Philip Smith Sells Shares, Exercises Options

What Happened

• Philip Andrew Smith, CEO of StoneX Group Inc. (SNEX), reported multiple transactions on 2026-06-30. He sold 14,040 shares in an open-market sale at an average price of $118.67 for $1,666,085 and sold 37,500 shares at $118.75 for $4,452,990 (total sales ≈ $6,119,075). He also exercised/converting derivative awards: acquired 37,500 shares at $13.34 per share for $500,250 and a separate derivative conversion of 37,500 shares is reported with $0 price in the filing.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (filed promptly).
• Sales: 14,040 shares @ $118.67 (avg) = $1,666,085; 37,500 shares @ $118.75 = $4,452,990.
• Exercise/Conversion: 37,500 shares acquired @ $13.34 = $500,250; another 37,500-share derivative conversion shown at $0.
• Net effect: exercised 37,500 shares and sold 51,540 shares (14,040 + 37,500); filing does not disclose total shares owned after these transactions.
• Footnote: F1 notes the $118.67 price is an average; the filer will provide a per-price breakdown on request.

Context

• The filing shows option exercise/conversion and immediate open-market sales of the exercised shares (common mechanics for option holders to cover exercise cost/taxes). The separate derivative line at $0 reflects conversion mechanics recorded on the Form 4; the filing does not state motivations. Purchases (exercise) indicate some reinvestment, while the sizable open-market sales generated roughly $6.1M in proceeds.