StoneX (SNEX) CIO Abigail Perkins Exercises Options, Sells 4,500 Shares
$SNEX · StoneX Group Inc.Research Summary
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StoneX (SNEX) CIO Abigail Perkins Exercises Options, Sells 4,500 Shares
What Happened
Abigail H. Perkins, Chief Information Officer of StoneX Group Inc. (SNEX), exercised 4,500 stock options on 2026-08-10 by paying an exercise price of $12.26 per share (total $55,170), and the same day sold 4,500 shares in the open market at an average price of $64.81 per share for proceeds of approximately $291,662. The filing also reports the derivative instrument (the options) as disposed in connection with the exercise (reported at $0.00 per share), consistent with converting/surrendering the options to acquire the shares.
Key Details
- Transaction date: 2026-08-10; Form 4 filed 2026-08-11 (timely filing).
- Exercise: 4,500 shares at $12.26 each — total cash paid $55,170.
- Sale: 4,500 shares at an average price of $64.81 each — gross proceeds ≈ $291,662. (Footnote F1: the sale price is reported as an average; breakdown by price per share available on request.)
- Derivative entry: 4,500 options reported disposed at $0.00 — indicates the options were converted/surrendered in the exercise.
- Shares owned after transaction: not specified in the summary data provided; see the filed Form 4 for exact post-transaction ownership.
Context
This is a common "cashless" pattern for option holders: exercise options to acquire shares and immediately sell all (or a portion) to cover the exercise cost, taxes, or diversify. The transactions are routine insider activity and do not, by themselves, indicate management sentiment about the company.