StoneX CEO Philip Smith Exercises Options, Sells 45,000 Shares

What Happened
Philip Andrew Smith, CEO of StoneX Group Inc. (SNEX), exercised options and sold the resulting 45,000 shares on July 22, 2026. He exercised 45,000 option shares at a strike price of $8.90 (cost = $400,500) and immediately sold 45,000 shares in the open market at an average price of $74.32 for total gross proceeds of approximately $3,344,481. The filing also reports a derivative conversion line at $0, which reflects the option-to-share conversion related to the exercise.

Key Details

• Transaction date: 2026-07-22 (filed 2026-07-23). Filing appears timely for a next-day report.
• Exercise: 45,000 shares @ $8.90 = $400,500 (acquired).
• Sale: 45,000 shares @ $74.32 (average price per footnote) = $3,344,481 (disposed). Footnote F1 notes the sale price is an average; the filer can provide the per-trade breakdown on request.
• Derivative conversion: 45,000 shares reported disposed at $0, indicating the conversion/settlement of the derivative instrument tied to the exercise.
• Shares owned after transaction: Not specified in the filing.

Context

• This is effectively a cashless exercise: options were exercised and the resulting shares were sold the same day, producing gross proceeds that exceed the exercise cost.
• Such exercises followed by immediate sale are common for option holders to cover exercise costs, tax withholding, or to diversify — the filing is factual and does not indicate motivation.
• The sale value (~$3.34M) and exercise cost ($400.5K) are reported gross; net proceeds will be lower after taxes and fees.