AlphAIalphai — Financial news for AI agents
SEC EDGARAUG 191 min read$MIAX

Emmons Lance sold $1.5M of MIAX

Emmons Lance (EVP and CFO) sold 35,000 shares of MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) at $42.83 ($1.50M total) on 2026-08-17 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Emmons Lance
Published Aug 19, 2026, 8:10 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 19, 2026, 8:16 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
alphai market briefInsider activity
Primary signal
$MIAX
Bearish
medium confidence
Mentioned
$MIAX
Relevance
5/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$MIAXBearishLow
01

Why it matters

The CFO's sale reduces insider ownership, which some investors view as a bearish signal, though it may simply be a scheduled 10b5‑1 execution.

02

Market read

Primary insider sale disclosure; modest relevance for short‑term traders monitoring MIAX.

03

What to watch

Potential upcoming corporate actions or earnings that prompted the pre‑arranged sale.

Relevance 5/10Novelty 7/10Timing: filed after market close on 2026‑08‑19

Background

Form 4 filings disclose insider transactions and are primary sources for new corporate information.

Company-level read

Ticker impact

$MIAXBearishMedium confidence
Context

CFO Emmons Lance sold 35,000 shares for $1.5M via a 10b5‑1 plan, reducing his stake to 86,538 shares.

Expected impact

Possible modest dip in the near term as the market digests the insider sale.

Evidence & confidence

The sale size is material for a mid‑cap CFO and was disclosed via a Form 4, providing fresh, actionable information.

Market effects

Sector

Minimal; the sale is company‑specific and does not affect the broader financial services sector.

Regional

None; the filing is a U.S. SEC disclosure with no regional spillover.

Global

Low; only relevant to investors tracking MIAX.

Counterpoint

What could challenge this read

The sale could be a routine liquidity event unrelated to fundamentals, so the stock may remain stable.

Key entities

  • Individual
    Emmons Lance

    Executive Vice President and Chief Financial Officer of MIAX.

  • Company
    Miami International Holdings, Inc.

    Operator of the MIAX exchange platforms.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

MIAX insider trading history →

Related articles

SEP 1
$MIAXMed

Morgan Stanley cuts Miami International Holdings stock rating on balanced risk-reward outlook

Morgan Stanley downgraded Miami International Holdings (MIAX) to Equalweight, lowering its price target to $50.00 from $53.00, citing a balanced risk-reward profile. The firm expects revenue per contract to soften and margin expansion to slow. MIAX's stock trades at $42.87, below the new target and fair value estimate. The company reported strong Q2 2026 earnings, beating expectations with $0.48 EPS and $141.1M revenue. Morgan Stanley remains constructive on MIAX's long-term growth.

uk.investing.com2 min
AUG 14
$MIAXMedAI 8/10

MIAX (MIAX) Q2 2026 Earnings Call Transcript

MIAX (MIAX) reported Q2 2026 results from its earnings call. Total net revenue rose 35% year over year to $141 million, with adjusted EBITDA margin up more than 700 bps to 54% and adjusted diluted EPS of $0.48. MIAX said Bloomberg Financial Futures products launched and options volumes stayed elevated amid volatile market conditions.

yahoo.com7 min
AUG 5
$MIAXMedAI 8/10

Miami International Holdings Reports Second Quarter 2026 Results

Miami International Holdings (MIAX) reported Q2 2026 net revenue of $141.1 million, up 35% YoY. GAAP diluted EPS was $0.40 and adjusted diluted EPS $0.48. Adjusted EBITDA rose 57% to $76.8 million, with a 54% margin. The company updated FY 2026 expense guidance and noted higher options volumes and new index futures launches.

prnewswire.com6 min
AUG 5
$MIAXMed

MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX): Results of Operations and Financial Condition

MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Miami International Holdings Reports Second Quarter 2026 Results • Record Q2 Net revenue of $141 million (+35% YoY) • Q2 GAAP diluted EPS of $0.40; Adjusted diluted EPS of $0.48 • Q2 Adjusted EBITDA of $77 million (+57% YoY); Adjusted EBITDA margin of 54% (+>700 bps YoY) • Update

SEC EDGAR 8-K6 min
JUN 3
$MIAXMedAI 8/10

Miami International Holdings Reports May 2026 Trading Results

Miami International Holdings’ MIAX Exchange Group reported May 2026 trading results: YTD average daily volume reached 10.8 million contracts through May 2026, up 23.7% vs. the prior year, and YTD market share rose to 17.1% from 16.4%. MIAX Futures listed Tini Bloomberg 100 Index Futures on May 17 (trade date May 18) with ADV of 13,105 contracts for May 18–May 29, 2026.

finanznachrichten.de4 min
JUN 3
$MIAXMedAI 8/10

MIAX Aims to Grow Futures Business

MIAX Futures, a unit of Miami International Holdings, launched its first equity index futures based on Bloomberg indices: the Tini Bloomberg 100 Index Futures, listed 17 May 2026. MIAX Futures CEO Shelly Brown said trading was smooth, with 25,000 contracts on 19 May and 11,000 on 20 May. A cross-margining agreement with OCC allows capital offsets for cleared products. MIAX reported Q1 2026 futures net revenue of $4.6m (down from $5.9m).

tradersmagazine.com6 min