MIAX CLUSTER SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

MIAX ▲ +15.73% at T+20d

NEUTRAL call ✓ call won +15.73% · α vs SPY +5.86% · entry $40.17 → $46.49

Next anchor: T+60d in 14d

Last close $43.29 (close Jun 12) · +7.77% from $40.17 entry

Entry anchored
Apr 1, 03:59 PM ET
via Databento tick

T+1d

+3.63%

call +3.63% · α +3.16%

$41.63

settled 2mo ago

T+5d

+4.43%

call +4.43% · α +0.81%

$41.95

settled 2mo ago

T+20d

+15.73%

call +15.73% · α +5.86%

$46.49

settled 7w ago

T+60d

—

call — · α —

—

in 14d

Price Chart

Loading chart...

Executive Summary

Two corporate insiders at MIAX sold shares in the past week, including EVP Shelly Brown and Director Judson Teekell, generating $205,000 in total open-market proceeds. The sales are small relative to MIAX's $3.8B market cap, representing less than 0.01% of equity value.

Key Financial Metrics

Direction

selling

Total Value

$205.0K

Insiders

2

Actionable Insight

The selling is minimal in both absolute and relative terms and likely reflects personal portfolio management rather than negative sentiment. No immediate trading signal; monitor for escalation in volume or additional C-suite participation.

Key Facts

EVP Shelly Brown sold 2,357 shares at $41.33 for $97,415 on 2026-04-06
Director Judson Teekell sold 2,700 shares at $40.00 for $108,000 on 2026-04-02
Total insider selling cluster value: $205,000 over a 7-day window
All transactions were open-market sales (code 'S'), not derivative or tax-related events
No insider purchases or non-cash transactions reported in this cluster

Financial Impact

$205,000 in total open-market share sales, representing 0.005% of $3.8B market cap

insider ownershipshares outstanding

Risk Factors

Continued insider selling at higher volumes could signal waning confidence
If future filings reveal larger divestitures or participation by CEO/CFO, sentiment could shift to bearish

Market Snapshot

Exchange

NYSE

Sector

Security Brokers, Dealers & Flotation Companies

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-MIAX-1775679639537

21 reports for MIAX

T+1T+5T+20T+60

100% Hit rate 5 of 5 directional calls best @ T+5▲ +10.93%May 6, 2026

Filters

Reports for MIAX — sortable, filterable
	Type				Now
Jun 12, 2026 2d ago	Insider Cluster NEUTRAL ★ 3/10	$43.34 awaiting T+20	awaiting T+20	—	$43.29 (−0.12%)
Jun 11, 2026 3d ago	Institutional Cluster BULLISH ★ 4/10	$40.78 awaiting T+20	awaiting T+20	—	$43.29 (+6.15%)
Jun 11, 2026 3d ago	Institutional Cluster NEUTRAL ★ 3/10	$40.78 awaiting T+20	awaiting T+20	—	$43.29 (+6.15%)
Jun 4, 2026 10d ago	Insider Cluster NEUTRAL ★ 4/10	$39.80 awaiting T+20	awaiting T+20	—	$43.29 (+8.77%)
Jun 4, 2026 10d ago	Insider Cluster BEARISH ★ 5/10	$39.80 awaiting T+20	awaiting T+20	—	$43.29 (−8.77%)
Jun 4, 2026 10d ago	Insider Cluster NEUTRAL ★ 4/10	$39.80 awaiting T+20	awaiting T+20	—	$43.29 (+8.77%)
Jun 4, 2026 10d ago	Insider Cluster NEUTRAL ★ 3/10	$39.80 awaiting T+20	awaiting T+20	—	$43.29 (+8.77%)
May 6, 2026 5w ago	8-K BULLISH ★ 7/10	$49.77 $40.33	▼ −18.97%	▼ −22.10%	$43.29 (−13.02%)
May 4, 2026 6w ago	Insider Cluster NEUTRAL ★ 4/10	$47.31 $46.10	▼ −2.56%	▼ −8.20%	$43.29 (−8.50%)
May 4, 2026 6w ago	Insider Cluster BEARISH ★ 6/10	$47.31 $46.10	▲ +2.56%	▲ +8.20%	$43.29 (+8.50%)

US Market Status

Market Closed — Opens in 4h 58m

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access