Sexton John P 4

What Happened

• John P. Sexton, EVP, General Counsel and Corporate Secretary of Cboe Global Markets (CBOE), exercised stock-derived awards on February 19, 2026 and received a new RSU grant.
• He exercised options that resulted in acquisition of 2,842 shares at an exercise price of $286.17 per share (total exercise consideration ≈ $813,295). To cover tax withholding obligations, 1,261 shares were surrendered/withheld (reported as disposals) valued at about $360,860, leaving a net cash/stock result of roughly 1,581 shares delivered to him.
• Separately, he was granted 2,289 restricted stock units (RSUs) (reported as an award at $0.00).

Key Details

• Transaction date: February 19, 2026. Filing date: February 23, 2026 (timely filing).
• Exercise price for the options: $286.17 per share. Withheld-for-tax share disposals reflect tax withholding (transaction code F).
• Reported gross acquisitions via exercise: 84, 976, 902 and 880-share lots (total 2,842). Withheld/disposed for tax: 38, 433, 400 and 390-share lots (total 1,261).
• New award: 2,289 RSUs reported as acquired at $0.00 (derivative award).
• Footnote on RSUs: each RSU represents the contingent right to one share (per filing footnote). The new RSUs vest over time (vesting in three equal annual installments beginning Feb 19, 2026, per filing footnote).
• Shares owned after the transactions: not disclosed in the provided filing extract.

Context

• This was an option exercise with shares withheld to cover taxes (a common, routine form of “cashless” net settlement); the filing shows no open-market sale of remaining shares.
• Awards and RSU grants are compensation-related and vest over time; they do not by themselves indicate the insider’s market view.
• The filing appears timely (filed on the second business day after the Feb 19 transactions).