Hocking Robert A 4

What Happened

• Robert A. Hocking, EVP & Global Head of Derivatives at Cboe Global Markets, exercised/converted derivative awards on 2026-02-19 that resulted in the acquisition of 355 shares at $286.17 each (total value $101,590). To cover tax obligations, 123 of those shares were withheld (disposed) with a withholding value of $35,199. The filing also reports a grant/award of 3,495 restricted stock units (RSUs) at $0.00.

Key Details

• Transaction date: February 19, 2026; Filing date: February 23, 2026 (filed within the required period).
• Exercise (code M): 355 shares acquired @ $286.17 = $101,590.
• Tax withholding (code F): 123 shares withheld @ $286.17 = $35,199 (surrendered to cover tax liability).
• Derivative cancellation line: 355 shares shown as converted/disposed at $0.00 (represents conversion/cancellation of the underlying derivative instrument).
• Grant (code A): 3,495 RSUs awarded @ $0.00.
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1 — each RSU converts to one share if/when settled; F2 & F3 — RSUs vest in three equal annual installments (some vesting began Feb 19, 2026; others begin Feb 19, 2027).

Context

• The filing shows an exercise with share withholding to satisfy taxes (common practice), not an open-market sale; this is effectively an acquisition of shares via exercise plus a tax-related disposition. The 3,495 RSUs are contingent awards that will convert to shares as they vest over the stated multi-year schedules. No 10% owner or 10b5-1 plan was indicated, and the filing appears timely.