Teekell Judson Gray 4

What Happened

• Teekell Judson Gray, a director of Miami International Holdings, Inc. (MIAX), was granted a total of 7,237 restricted stock units (RSUs). On 2026-06-15, 2,267 RSUs were granted and fully vested on the grant date. On 2026-06-16, 4,970 RSUs were granted that vest on the business day immediately preceding the 2027 annual meeting, subject to continued service. The Form 4 reports an acquisition price of $0 for these RSUs (standard for RSU grants); no cash payment was made.

Key Details

• Transaction dates and filings:
  • 2026-06-15: 2,267 RSUs granted and fully vested (footnote F1).
  • 2026-06-16: 4,970 RSUs granted, vesting before the 2027 annual meeting (footnote F2).
  • Form 4 filed 2026-06-17 (appears timely under Form 4 rules).
• Reported price/value: acquisition price listed as $0 per RSU in the filing (RSUs represent a right to receive one share each).
• Shares owned after transaction: not specified in the data you provided.
• Footnotes of note:
  • F1: The 2,267 RSUs fully vested on the grant date; each RSU equals one common share.
  • F2: The 4,970 RSUs vest on the last business day before the 2027 annual meeting, subject to continued service.

Context

• RSU grants are compensation awards (code A on Form 4) rather than open‑market purchases or sales, so they reflect company compensation practices rather than the director buying or selling stock. The vested portion (2,267 RSUs) gives the director an immediate right to shares; the remainder is time‑based and depends on continued service through the vesting date. The filing shows no immediate sale of these shares.