Shelly Brown, serving as Executive Vice President and Chief Strategy Officer at MIAMI INTERNATIONAL HOLDINGS, INC. (NASDAQ: MIAX), executed a sale of 16,000 shares of the company's common stock on June 2, 2026. The transaction resulted in a total value of $673,920. The shares were divested at a weighted average price of $42.12, with individual trades executed at prices ranging from $42.00 to $45.73.
The timing of this divestment is notable given subsequent market movements. MIAX shares have declined sharply since the transaction, currently trading at $39.61. This represents a drop of nearly 16% over the past week. According to InvestingPro analysis, the stock now appears undervalued relative to its Fair Value, placing it among opportunities on the Most Undervalued list. The company maintains a market capitalization of $3.83 billion.
The sale followed an acquisition of an equal number of shares on the same day. Ms. Brown acquired 16,000 shares of common stock upon exercising nonqualified stock options. These options, which were fully vested, allowed for the purchase of shares at an exercise price of $12.00 per share, totaling $192,000 for the acquisition.
Both the acquisition and subsequent sale of shares were conducted pursuant to a Rule 10b5-1 trading plan, which Ms. Brown established on December 22, 2025. Following these transactions, Ms. Brown directly holds 325,047 shares of MIAMI INTERNATIONAL HOLDINGS, INC. common stock.
In other recent news, Miami International Holdings reported impressive first-quarter fiscal 2026 earnings, with an earnings per share (EPS) of $0.42, significantly exceeding the forecasted $0.27. The company achieved a 40% year-over-year revenue growth, reaching $129 million. Following these results, Rosenblatt raised its price target for Miami International Holdings to $61 from $59, maintaining a Buy rating, due to the strong performance in the core options business. Additionally, the company launched new futures products on its MIAX Futures exchange, including the Tini Bloomberg 100 Index Futures, with plans to introduce more products in the coming weeks. These products will be cleared at the Options Clearing Corporation (OCC).
Miami International Holdings also announced a clearing and settlement agreement between MIAX Futures and the OCC, allowing for cross-margining of products listed on MIAX Futures against complementary products on other exchanges. The OCC has begun providing clearing and settlement services for MIAX Futures, which operates on the MIAX Futures Onyx trading platform. These developments reflect the company's strategic initiatives to expand its product offerings and enhance its market infrastructure.