Equity package for MIAX (MIAX) EVP, CISO and CRO Harish Jayabalan
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. executive Harish Jayabalan, EVP, CISO and CRO, reported equity awards consisting of restricted stock units and stock options. He received 4,660 RSUs and options on an additional 37,293 shares of common stock at an exercise price of 40.24 per share.
The 4,660 RSUs vest in three installments: 1,554 on June 16, 2027, 1,553 on June 16, 2028, and 1,553 on June 16, 2029, subject to continued service. Option grants on 34,808 and 2,485 shares vest over the same three annual dates. Following the RSU grant, he directly holds 78,065 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Jayabalan Harish
Role
EVP, CISO and CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Incentive Stock Option (Right to Buy) | 2,485 | $0.00 | -- |
| Grant/Award | Nonqualified Stock Option (Right to Buy) | 34,808 | $0.00 | -- |
| Grant/Award | Common Stock | 4,660 | $0.00 | -- |
Holdings After Transaction:
Incentive Stock Option (Right to Buy) — 2,485 shares (Direct);
Nonqualified Stock Option (Right to Buy) — 34,808 shares (Direct);
Common Stock — 78,065 shares (Direct)
Footnotes (1)
- The amount represents restricted stock units ("RSUs") that vest as to 1,554 on June 16, 2027, 1,553 on June 16, 2028 and the remaining 1,553 on June 16, 2029, subject to the Reporting Person's continued service to the Issuer or its subsidiaries through the applicable vesting date. 829 of the shares subject to this option will vest on June 16, 2027, 828 of the shares subject to this option will vest on June 16, 2028 and the remaining 828 of the shares subject to this option will vest on June 16, 2029, subject to the Reporting Person's continued service to the Issuer or its subsidiaries through the applicable vesting date. 11,604 of the shares subject to this option will vest on June 16, 2027, 11,602 of the shares subject to this option will vest on June 16, 2028 and the remaining 11,602 of the shares subject to this option will vest on June 16, 2029, subject to the Reporting Person's continued service to the Issuer or its subsidiaries through the applicable vesting date.
Key Figures
RSU grant: 4,660 shares
Nonqualified options granted: 34,808 shares
Incentive options granted: 2,485 shares
+3 more
6 metrics
RSU grant
4,660 shares
Restricted stock units granted June 16, 2026
Nonqualified options granted
34,808 shares
Nonqualified Stock Option (Right to Buy) granted June 16, 2026
Incentive options granted
2,485 shares
Incentive Stock Option (Right to Buy) granted June 16, 2026
Exercise price
40.24 per share
Exercise price for both option grants
Shares held after grant
78,065 shares
Common stock directly owned following RSU award
Option expiration
June 15, 2036
Expiration date for both option grants
Key Terms
restricted stock units ("RSUs"), Nonqualified Stock Option (Right to Buy), Incentive Stock Option (Right to Buy), exercise price, +1 more
5 terms
restricted stock units ("RSUs") financial
"The amount represents restricted stock units ("RSUs") that vest as to 1,554 on June 16, 2027"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Nonqualified Stock Option (Right to Buy) financial
"security_title": "Nonqualified Stock Option (Right to Buy)""
Incentive Stock Option (Right to Buy) financial
"security_title": "Incentive Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price": "40.2400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2036-06-15T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did MIAX executive Harish Jayabalan receive in this Form 4?
Harish Jayabalan received 4,660 restricted stock units and stock options covering 37,293 shares of MIAX common stock. These awards are part of his compensation and are subject to multi-year vesting tied to his continued service with the company.
How do the MIAX RSUs granted to Harish Jayabalan vest?
The 4,660 RSUs vest in three annual installments: 1,554 on June 16, 2027, 1,553 on June 16, 2028, and 1,553 on June 16, 2029. Vesting requires Jayabalan’s continued service to MIAX or its subsidiaries through each vesting date.
What are the key terms of the MIAX stock options granted to Harish Jayabalan?
Jayabalan received nonqualified and incentive stock options on 34,808 and 2,485 shares, respectively, each with an exercise price of 40.24 per share. Both option grants vest in three tranches across 2027, 2028, and 2029, conditioned on continued service.
When do Harish Jayabalan’s MIAX stock options expire?
Both the nonqualified and incentive stock options granted to Jayabalan expire on June 15, 2036. He must exercise vested options before this expiration date; otherwise, any unexercised options will lapse according to the terms disclosed in the award details.
Are the MIAX equity awards to Harish Jayabalan open-market purchases or compensation grants?
The MIAX awards are compensation-related grants, not open-market purchases. The Form 4 uses transaction code “A” for grant or award acquisitions, with a transaction price of 0.0000 per share, indicating they were issued as part of his executive compensation package.