Deitzel Edward

Deitzel Edward, an executive vice president and chief risk and compliance officer at MIAX Exchanges, has filed 37 Form 4s covering a single ticker: MIAX. The pattern is overwhelmingly one-directional: roughly $1.96 million in open-market sales versus just $2,300 in open-market purchases, with no acquisitions of any kind. That selling bias has intensified in recent months. Between April and July 2026, Edward executed six open-market sales totaling about $1.93 million, including a $520,080 sale on May 4, a $463,760 sale on June 2, and a $462,440 sale on July 6. The most recent Form 4, filed July 6, shows a $462,440 sale paired with two option exercises worth a combined $132,000 — a common pattern in which an executive exercises options and immediately sells the underlying shares. The transaction mix also includes routine, non-discretionary activity that does not reflect a directional view. Edward received three compensation grants on June 16, 2026, valued at $0, and had shares withheld to cover taxes on multiple occasions, including a $242,251.81 tax withholding on June 11 and a $246,771.15 withholding on February 18. The largest single event in the filing history was a September 9, 2025, tax withholding of $1.42 million, paired with a $750,000 option exercise. Across the entire period, Edward’s only open-market purchase was a nominal $2,300 transaction, dwarfed by the roughly $1.96 million in sales. The data shows a consistent, repeated pattern of monetizing equity compensation through option exercises and open-market sales, with no recent buying activity to offset that flow.