Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, MIAMI INTERNATIONAL HOLDINGS, INC. insiders sold a net $58.2M of stock across 89 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Oct 2, 2026.
The trade is 2.1% of the 387,414 shares held after it.
1 other insider sold within 30 days.
Insider activity: EVP and CIO Schafer Douglas M. JR sold about $280.5K of MIAX under a 10b5-1 plan on Oct 22, 2026; 1 other insider sold within 30 days.
7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Sep 2, 2026.
The trade is 1.5% of the 839,564 shares held after it.
1 other insider sold within 30 days.
Insider activity: EVP, GC & Corporate Secretary Comly Barbara J. sold about $431.2K of MIAX under a 10b5-1 plan on Oct 22, 2026; 1 other insider sold within 30 days.
8 earlier Form 4 trades (code P or S) here by this insider (8 sales), the last on Jul 6, 2026.
The trade is 6.7% of the 316,490 shares held after it.
7 other insiders sold within 30 days.
Insider activity: EVP, Chief Strategy Officer Brown Shelly sold about $819.2K of MIAX under a 10b5-1 plan on Sep 16, 2026; 7 other insiders sold within 30 days.
8 earlier Form 4 trades (code P or S) here by this insider (1 buy, 7 sales), the last on Aug 4, 2026.
The trade is 9.2% of the 119,601 shares held after it.
9 other insiders sold within 30 days.
Insider activity: EVP, CRO, CCO MIAX Exchanges Deitzel Edward sold about $464.3K of MIAX under a 10b5-1 plan on Sep 3, 2026; 9 other insiders sold within 30 days.
89 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Nobody has filed for crossing 5%. That is a fact, not missing data.
MIAX planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
DOUGLAS M. SCHAFER JR.
Filed 2026-10-02
$4.0M
SHELLY BROWN
Filed 2026-09-16
$838.3K
GALLAGHER INVESTMENTS LLC
Filed 2026-09-03
$5.7M
GALLAGHER INVESTMENTS LLC
Filed 2026-08-19
$6.3M
Lance Emmons
Filed 2026-08-17
$1.5M
Executive pay vs shareholder return · Thomas P. Gallagher
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$21.2M
$35.1M
$4.9M
+44%
-3%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $58.2M sold by insiders over 180 days, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $34.5M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$1.5B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM MIAX
FY Dec 2025
$1.4B
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
$387.6M
Mar 2026
$369.7M
Dec 2025
$369.4M
Sep 2025
$339.8M
Jun 2025
$327.8M
Mar 2025
$327.1M
Dec 2024
$323.9M
Sep 2024
$276.7M
At each fiscal year end
Single quarter
Net margin, TTM
+9.7%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM MIAX
FY Dec 2025
-5.1%
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
+11.4%
Mar 2026
+46.0%
Dec 2025
+8.1%
Sep 2025
-30.0%
Jun 2025
+7.2%
Mar 2025
-6.5%
Dec 2024
+0.9%
Sep 2024
-1.2%
At each fiscal year end
Single quarter
Free cash flow, TTM
$251.5M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM MIAX
FY Dec 2025
$145.0M
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
$106.5M
Mar 2026
$49.2M
Dec 2025
$42.9M
Sep 2025
$53.0M
Jun 2025
$42.7M
Mar 2025
$6.5M
Dec 2024
$32.9M
Sep 2024
n/a
At each fiscal year end
Single quarter
Debt to equity
0.00x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Debt to equity MIAX
FY Dec 2025
0.00x
FY Dec 2024
0.10x
FY Dec 2023
n/a
Jun 2026
0.00x
Mar 2026
0.00x
Dec 2025
0.00x
Sep 2025
0.01x
Jun 2025
0.09x
Mar 2025
0.10x
Dec 2024
0.10x
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
188.46x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt MIAX
FY Dec 2025
111.30x
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
188.46x
Mar 2026
143.95x
Dec 2025
111.30x
Sep 2025
24.74x
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+18.1%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity MIAX
FY Dec 2025
-11.2%
FY Dec 2024
+38.4%
FY Dec 2023
n/a
Jun 2026
+18.1%
Mar 2026
+16.8%
Dec 2025
-11.2%
Sep 2025
-16.4%
Jun 2025
+0.5%
Mar 2025
+30.5%
Dec 2024
+38.4%
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+8.9%
TTM net income over ending balance 2026-06-30
Return on assets MIAX
FY Dec 2025
-6.3%
FY Dec 2024
+10.5%
FY Dec 2023
n/a
Jun 2026
+8.9%
Mar 2026
+8.4%
Dec 2025
-6.3%
Sep 2025
-7.9%
Jun 2025
+0.2%
Mar 2025
+8.8%
Dec 2024
+10.5%
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
effective tax rate -150%, not meaningful
Return on invested capital MIAX
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+9.9%
operating income (EBIT proxy) over ending balance 2026-06-30 minus current liabilities
Return on capital employed MIAX
FY Dec 2025
+12.3%
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
+9.9%
Mar 2026
+10.6%
Dec 2025
+12.3%
Sep 2025
+6.4%
Jun 2025
+9.8%
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
32.83x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing MIAX
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
36.79x
Mar 2026
42.77x
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$2.6B
market value at close 2026-10-26 on 2026-07-31 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value MIAX
FY Dec 2025
$3.2B
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
$2.9B
Mar 2026
$3.0B
Dec 2025
$3.2B
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+7.6%
TTM free cash flow over market value at close 2026-10-26
FCF yield MIAX
FY Dec 2025
+4.0%
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
+7.1%
Mar 2026
+5.3%
Dec 2025
+4.0%
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
prior-year trailing EPS was a loss, growth undefined
PEG, trailing MIAX
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
MIAX ranks highest on financial health (94th percentile) and profitability (78th), and lowest on insider conviction (2nd), among Financial Services peers.
Profitability
78
Inputs
Return on equity+18.1% · 71 pct, sector of 205
Return on assets+8.9% · 79 pct, sector of 266
Return on invested capitaleffective tax rate -150%, not meaningful
Return on capital employed+9.9% · 83 pct, sector of 88
Financial health
94
Inputs
Debt to equity0.00x · 88 pct, sector of 181
Cash flow to debt188.46x · 100 pct, sector of 141
Growth
61
Inputs
Revenue growth, YoY+19.6% · 61 pct, sector of 245
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
2
Inputs
Net Form 4 buying (codes P and S), 180d-$42.6M · 5 pct, sector of 161
Insider buyers, 180d0 · 0 pct, sector of 165
Institutional and government
67
Inputs
Funds adding, latest quarterfewer than five funds report holding it
Congress net buyers, 365d1 · 67 pct, sector of 31
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
20
Inputs
Short interest, % of float+9.5% · 20 pct, sector of 390
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-Kneeds two 10-Ks with a Risk Factors section (not 20-F filers or stubs)
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
MIAX filings, in plain words
Are Miami International insiders buying or selling MIAX?
In the 180 days to 2026-10-28, Miami International insiders were net sellers, a net $58.2M across purchases and sales reported on Form 4, by 10 sellers.
Have members of Congress traded MIAX?
Yes. In the year to 2026-10-28, 1 House member disclosed buying MIAX and 0 House members disclosed selling it; the latest on record is a purchase by Gilbert Cisneros dated 2026-03-20.
Are there planned insider sales of MIAX?
Yes. 10 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $34.5M of stock; the latest, by DOUGLAS M. SCHAFER JR., was filed 2026-10-02.
Read the full summary
In the 180 days to 2026-10-28, Miami International insiders were net sellers of MIAX, a net $58.2M across purchases and sales reported on Form 4 by 10 sellers. 21% of the 52 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. In the year to 2026-10-28, 1 member of Congress disclosed buying MIAX and 0 members disclosed selling it; the latest on record is a purchase by Gilbert Cisneros dated 2026-03-20. Insiders filed 10 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $34.5M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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