Schafer Douglas M. JR 4

What Happened
Douglas M. Schafer Jr., Executive Vice President and Chief Investment Officer of Miami International Holdings, surrendered 32,565 shares on 2026-06-11 as part of a tax-withholding/net settlement related to restricted stock. The filing shows a per-share value of $40.79, totaling $1,328,326. This was a tax-withholding/net settlement transaction—not an open-market sale by the insider.

Key Details

• Transaction date: 2026-06-11; reported on Form 4 filed 2026-06-12 (timely filing).
• Shares affected: 32,565 surrendered at $40.79 per share; total value reported $1,328,326.
• Shares owned after transaction: not specified in this filing.
• Footnote: F1 states these shares were surrendered to satisfy tax withholding for net-settled restricted stock awards and "does not represent a sale by the reporting person."
• Transaction code: F (tax withholding/net settlement).

Context
This is a routine tax-withholding event arising from restricted stock vesting (a net settlement) and should not be interpreted as a discretionary sale of company stock by the insider. Such surrender-for-tax transactions are common when companies withhold shares to cover required taxes.