Schafer Douglas M. JR 4

What Happened

• Douglas M. Schafer Jr., Executive Vice President and Chief Information Officer of Miami International Holdings, surrendered 32,565 shares of MIAX on 2026-02-18 at an effective price of $40.89 per share, totaling $1,331,583. This transaction represents shares withheld to satisfy tax withholding and remittance obligations tied to net settlement of restricted stock awards and is not a sale by the reporting person.

Key Details

• Transaction date and price: 2026-02-18; 32,565 shares at $40.89 each (total $1,331,583). Transaction code: F (tax withholding/payment).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 clarifies these shares were surrendered to the company to satisfy tax withholding in connection with net settlement of restricted stock awards — not an open-market sale.
• Filing date / timeliness: Report filed 2026-02-20 for a 2026-02-18 transaction; appears timely under Form 4 reporting rules.

Context

• Code F transactions commonly reflect company withholding of shares to cover taxes when awards vest (a net settlement or “share surrender”); they do not necessarily indicate a change in the insider’s investment stance.
• For retail investors, purchases and open-market sales typically convey clearer signals than tax-withholding retentions like this one.