Vermaas Cees 4

What Happened

• Cees Vermaas (identified as CEO of TISEG) received two equity awards from Miami International Holdings, Inc. (MIAX) on 2026-06-16: 4,660 restricted stock units (RSUs) and a derivative option award covering 4,793 shares. Both awards were reported as granted at $0.00 (typical for compensation grants), so there was no cash purchase or sale.

Key Details

• Transaction date(s): 2026-06-16. Form 4 filed: 2026-06-18 (filed within the typical 2-business-day window).
• Grant details:
  • RSUs: 4,660 RSUs granted (footnote F1). Vesting: 1,554 on 2027-06-16; 1,553 on 2028-06-16; 1,553 on 2029-06-16, subject to continued service.
  • Option/derivative award: 4,793 shares (footnote F2). Vesting: 1,599 on 2027-06-16; 1,597 on 2028-06-16; 1,597 on 2029-06-16, subject to continued service.
• Reported acquisition price: $0.00 (grant/award). No immediate cash value realized in the filing; market value depends on MIAX share price at vesting/exercise.
• Shares owned after the reported transactions: not specified in the provided filing excerpt.
• Transaction code: A = Grant/Award. The second entry is a derivative (option) award—not an exercised option or sale.

Context

• These are compensation grants that vest over three years; they do not represent open-market purchases or sales. RSUs convert to shares at vesting (subject to service conditions); options must be exercised per their terms before becoming actual shares.
• Such grants are routine for executive compensation and are not direct indicators of immediate buying or selling sentiment.