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

What Happened

• Philip A. Smith, CEO of StoneX Group Inc. (SNEX), reported exercising options and selling shares on 2026-09-28. He exercised 56,250 shares at an exercise price of $8.90 (cost $500,625) and reported an open‑market sale of 56,250 shares at an average price of $65.69 for aggregate proceeds of $3,694,888. The filing also shows a derivative conversion/disposition line for 56,250 shares at $0.00 (see Key Details for explanation).
• This sequence (exercise then sale of the same share count) is typically an exercise followed by an immediate sale (often called a cashless exercise or exercise-and-sell), resulting in a net sale of shares.

Key Details

• Transaction date: 2026-09-28; Form 4 filed: 2026-09-29 (appears timely).
• Exercise (code M — option exercise): 56,250 shares acquired at $8.90 each; cash paid $500,625.
• Sale (code S — open market): 56,250 shares sold at an average price of $65.69; proceeds $3,694,888. Footnote F1: the sale price reported is an average; the filer will provide the breakdown of shares sold at each separate price upon request.
• Derivative reporting: a separate line shows 56,250 shares "disposed" at $0.00 under code M — this typically reflects conversion/settlement mechanics associated with the exercise and/or netting and is an administrative reporting entry, not an additional cash sale.
• Shares owned after the transactions: not specified in the provided filing details.
• No indication in the filing of a 10b5‑1 plan, gift, or tax‑withholding share retention in the disclosed lines.

Context

• M = exercise/conversion of derivative (options); S = open‑market sale. When an insider exercises options and immediately sells the resulting shares, it commonly reflects liquidity/covering exercise costs rather than a directional bet; filings are factual records and do not confirm motivation.
• If you want the exact per‑trade prices (rather than the average) or the post‑transaction beneficial ownership, the filer has said they will provide those details on request per Footnote F1.