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CBOECboe Global Markets, Inc. · Insider ownership research

Cboe Global Markets, Inc. insiders sold $2.3M in the past 12 months. How much of their stake is that?

About 2.7% overall. As a group they ended with more shares than they started with. The biggest individual seller, Edward Fitzpatrick, gave up 23% of starting holdings.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 64 of the 156 other companies we can measure (#93 of 157)See ranking
0
buyers among officers and directors, past 12 months
30%
of sales were under disclosed trading plans, past 12 months
4 of 25
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 12, 2026Janet Froetscher sold 937 shares ($261K) under a disclosed trading plan. That is 6.8% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Janet Froetscher
Director
937$278.956.8%13KAug 12, 2026Aug 14, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-sixth of the 5-year average. 4 insiders sold; the average is 7 a year. Year by year
Latest filing: Filed Aug 14 for a sale on Aug 12. Janet Froetscher sold 937 shares ($261K) under a disclosed plan. Filing
40 SEC ownership filings in the period · See the evidence

What stands out

Edward Fitzpatrick (23% of holdings) sold $1.1M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Feb 18, 2026
Tax withholding outweighed market sales: the company withheld $10.0M of officers' and directors' shares for taxes, against $2.3M sold on the open market. The largest was Fredric Tomczyk ($3.5M withheld).Largest withholding, Feb 19, 2026

Percentages cover 18 of 25 officers and directors. 7 are left out

i
Left out: Janet Froetscher (most holdings were last confirmed in 2015); Allen Wilkinson (most of their shares vested during the period, so a percentage would mislead); Craig Donohue, Prashant Bhatia, Scott Johnston, Heidi Fischer and Boudewijn Duinstra (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Edward Fitzpatrick
Director
23% · $1.1MNo plan disclosed
Janet Froetscher
Director
No bar: most holdings were last confirmed in 2015.
$699KDisclosed plan
Alexander Matturri Jr.
Director
24% · $428KNo plan disclosed
Allen Wilkinson
SVP, Chief Accounting Officer
No bar: most of their shares vested during the period, so a percentage would mislead.
$73KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNovDecJanFeb 2026: $1.6M no plan disclosed$1.6MFebMarAprMay 2026: $438K under a disclosed planMayJunJulAug 2026: $261K under a disclosed planAugSepOct

Common questions

Is the Cboe Global Markets, Inc. CEO selling stock?

No. Craig Donohue reported no open-market sales in the past 12 months.

Why are Cboe Global Markets, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 30% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 70% had no disclosed plan. A trading plan schedules sales in advance.

Are any Cboe Global Markets, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Cboe Global Markets, Inc. insiders sell?

About 2.7% overall. As a group they ended with more shares than they started with. The biggest individual seller, Edward Fitzpatrick, gave up 23% of starting holdings. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Edward Fitzpatrick
Director
$1.1M
3.9K shares
23%No plan disclosed
Janet Froetscher
Director
$699K
2.2K shares
i
No percentage: most holdings were last confirmed in 2015.
Disclosed plan
Alexander Matturri Jr.
Director
$428K
1.5K shares
24%No plan disclosed
Allen Wilkinson
SVP, Chief Accounting Officer
$73K
248 shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
No plan disclosed
The full ownership picture25 of 25 insiders fully reconciled · 22 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Christopher Isaacson
EVP, COO
38K050Kno sales
Vesting, gifts, unvested awards and holding lines for Christopher Isaacson
+6Kshares vested or exercised
0gifted (net of own trusts)
−9Kwithheld by the company for taxes
13K → 6.6Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock37,58050,059
Roderick Palmore
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
27K028Kno sales
Vesting, gifts, unvested awards and holding lines for Roderick Palmore
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock27,20027,730

Additional holdings last reported May 21, 2015, not confirmed since: 14,995 shares. Not included in any total or percentage on this page.

Fredric Tomczyk
Director
23K036Kno sales
Vesting, gifts, unvested awards and holding lines for Fredric Tomczyk
+26Kshares vested or exercised
0gifted (net of own trusts)
−13Kwithheld by the company for taxes
74K → 81Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock22,64735,631
John Sexton
EVP, GC and Corp Sec
22K030Kno sales
Vesting, gifts, unvested awards and holding lines for John Sexton
+2.8Kshares vested or exercised
0gifted (net of own trusts)
−5Kwithheld by the company for taxes
6.3K → 5.8Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock22,05029,575
Edward Fitzpatrick
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
17K−3.9K13K80%
Vesting, gifts, unvested awards and holding lines for Edward Fitzpatrick
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock16,86813,451

Additional holdings last reported May 21, 2015, not confirmed since: 4,663 shares. Not included in any total or percentage on this page.

Janet Froetscher
!
Most of this insider's holdings were last confirmed in 2015. Confirmed in the last three years: 12,870 shares. Not confirmed since: 15,295 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
15K−2.2K13Ksee note
Vesting, gifts, unvested awards and holding lines for Janet Froetscher
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock14,50012,870

Additional holdings last reported May 21, 2015, not confirmed since: 15,295 shares. Not included in any total or percentage on this page.

William Farrow III
Director
12K013Kno sales
Vesting, gifts, unvested awards and holding lines for William Farrow III
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock12,20512,735
Jill Goodman
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
12K012Kno sales
Vesting, gifts, unvested awards and holding lines for Jill Goodman
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock11,91812,448

Additional holdings last reported May 21, 2015, not confirmed since: 7,448 shares. Not included in any total or percentage on this page.

Jill Griebenow
EVP, CFO
11K017Kno sales
Vesting, gifts, unvested awards and holding lines for Jill Griebenow
+4.6Kshares vested or exercised
0gifted (net of own trusts)
−5.1Kwithheld by the company for taxes
11K → 11Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock10,79817,081
James Parisi
Director
9.4K010Kno sales
Vesting, gifts, unvested awards and holding lines for James Parisi
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock9,4399,969
Ivan Fong
Director
6.9K07.4Kno sales
Vesting, gifts, unvested awards and holding lines for Ivan Fong
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock6,9117,441
Alexander Matturri Jr.
Director
6.3K−1.5K4.8K76%
Vesting, gifts, unvested awards and holding lines for Alexander Matturri Jr.
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock6,2614,761
Jennifer McPeek
Director
5.8K06.4Kno sales
Vesting, gifts, unvested awards and holding lines for Jennifer McPeek
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock5,8386,368
Stephanie Foley
EVP, CHRO
2.7K03.9Kno sales
Vesting, gifts, unvested awards and holding lines for Stephanie Foley
+1.7Kshares vested or exercised
0gifted (net of own trusts)
−758withheld by the company for taxes
4K → 3.6Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,6673,868
Catherine Clay
EVP, Global Derivatives
2.2K02.2Kno sales
Vesting, gifts, unvested awards and holding lines for Catherine Clay
0shares vested or exercised
0gifted (net of own trusts)
12K → 12Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,1832,183
Erin Mansfield
Director
1.9K02.4Kno sales
Vesting, gifts, unvested awards and holding lines for Erin Mansfield
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,9112,441
Cecilia Mao
Director
1.9K02.4Kno sales
Vesting, gifts, unvested awards and holding lines for Cecilia Mao
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,9112,441
Timothy Lipscomb
EVP, Chief Technology Officer
1.6K02.6Kno sales
Vesting, gifts, unvested awards and holding lines for Timothy Lipscomb
+1.9Kshares vested or exercised
0gifted (net of own trusts)
−860withheld by the company for taxes
3.5K → 3.7Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,6162,638
Robert Hocking
EVP, Global Head of Derivs.
2820514no sales
Vesting, gifts, unvested awards and holding lines for Robert Hocking
+355shares vested or exercised
0gifted (net of own trusts)
−123withheld by the company for taxes
0 → 4.2Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock282514
Allen Wilkinson
SVP, Chief Accounting Officer
248−248410not meaningful
Vesting, gifts, unvested awards and holding lines for Allen Wilkinson
+787shares vested or exercised
0gifted (net of own trusts)
−377withheld by the company for taxes
1.6K → 1.7Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock248410
Craig Donohue
CEO, Director
002.6Kno sales
Vesting, gifts, unvested awards and holding lines for Craig Donohue
+4.7Kshares vested or exercised
0gifted (net of own trusts)
−2.1Kwithheld by the company for taxes
27K → 40Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock02,604
Prashant Bhatia
EVP, Strategy & Corp Dev
0095no sales
Vesting, gifts, unvested awards and holding lines for Prashant Bhatia
+224shares vested or exercised
0gifted (net of own trusts)
−129withheld by the company for taxes
674 → 3.1Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock095

25 of 25 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (25 exactly, 0 with a minor or footnoted difference). Percentages cover 18 of 25 officers and directors. Left out: Janet Froetscher (most holdings were last confirmed in 2015); Allen Wilkinson (most of their shares vested during the period, so a percentage would mislead); Craig Donohue, Prashant Bhatia, Scott Johnston, Heidi Fischer and Boudewijn Duinstra (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$2.3M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $2.3M across 7,855 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($1.6M), including tax-related sales outside a plan.

No plan disclosed · $1.6M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.1M of it is Edward Fitzpatrick. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Edward Fitzpatrick, Feb 18, 2026

Taxes

36,742 shares ($10.0M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Edward Fitzpatrick
Director
3.9K$1.1M0%48%Feb 18, 2026 to Feb 18, 2026
Janet Froetscher
Director
2.2K$699K100%30%May 18, 2026 to Aug 12, 2026
Alexander Matturri Jr.
Director
1.5K$428K0%18%Feb 18, 2026 to Feb 18, 2026
Allen Wilkinson
SVP, Chief Accounting Officer
248$73K0%3%Feb 23, 2026 to Feb 23, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$1.6M$0$0$1.6M
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$438K$438K$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$261K$261K$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-sixth of the 5-year average. 4 insiders sold; the average is 7 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
7.9K4$2.3M
Oct 8, 2025
1 year earlier
37K6$7.9M
Oct 8, 2024
2 years earlier
53K7$10.1M
Oct 9, 2023
3 years earlier
79K8$10.7M
Oct 9, 2022
4 years earlier
23K5$2.9M
Oct 9, 2021
5 years earlier
59K7$6.7M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Inferred rename: "Fugue, General Partnership" is treated as the same holder as "Fugue, a sole proprietorship", because the old name was never reported again and the new one opened with the same balance (78,630 shares). Old name, new name

Inferred typo: the share class "Unrestriced Common Stock" is treated as the same class as "Unrestricted Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Alan Dean, 87,649 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology802 filings from SEC EDGAR, and how we read them

All 802 Forms 3, 4 and 5 filed for Cboe Global Markets, Inc. (SEC CIK 1374310) from Jun 14, 2010 to Aug 21, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (42)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Dave HowsonFeb 21, 20258,025 shares, last reported balance as of Feb 20, 2025
Adam InzirilloFeb 21, 20251,993 shares, last reported balance as of Feb 20, 2025
Joseph RattermanDec 14, 202358,043 shares, last reported balance as of Dec 12, 2023
Edward TillyJul 12, 2023274,832 shares, last reported balance as of Jul 10, 2023
Brian SchellFeb 22, 20239,577 shares, last reported balance as of Feb 21, 2023
John DetersFeb 22, 202313,228 shares, last reported balance as of Feb 19, 2023
Eugene SunshineMay 16, 202239,906 shares, last reported balance as of May 12, 2022
Jill SommersMay 16, 20226,550 shares, last reported balance as of May 12, 2022
Bryan HarkinsMay 17, 202135,569 shares, last reported balance as of May 6, 2021
Michael RichterMar 10, 202122,171 shares, last reported balance as of Mar 8, 2021
Eric CramptonMar 4, 2021No balance on record
Mark HemsleyDec 17, 201984,046 shares, last reported balance as of Dec 15, 2019
Carole StoneAug 7, 201926,814 shares, last reported balance as of Aug 5, 2019
Frank English Jr.May 20, 20198,521 shares, last reported balance as of May 16, 2019
Andrew LowenthalFeb 21, 201913,617 shares, last reported balance as of Feb 19, 2019
Christopher ConcannonJan 15, 2019128,761 shares, last reported balance as of Jan 13, 2019
Joanne Moffic-SilverMar 2, 2018144,991 shares, last reported balance as of Feb 28, 2018
David ReynoldsFeb 21, 201813,583 shares, last reported balance as of Feb 19, 2018
Alan DeanJan 3, 2018136,373 shares, last reported balance as of Dec 31, 2017
James BorisDec 11, 201725,456 shares, last reported balance as of Dec 7, 2017
Christopher MitchellNov 30, 20178,808 shares, last reported balance as of Nov 28, 2017
Christopher MitchellNov 30, 2017664,970 shares, last reported balance as of May 18, 2017
Samuel SkinnerMay 22, 201733,356 shares, last reported balance as of May 18, 2017
Gerald O'ConnellMar 2, 2017143,441 shares, last reported balance as of Feb 28, 2017
Edward ProvostMar 2, 2017162,416 shares, last reported balance as of Feb 28, 2017
William BrodskyNov 16, 2016463,889 shares, last reported balance as of Nov 14, 2016
Eden MartinMay 23, 201632,171 shares, last reported balance as of May 19, 2016
Susan PhillipsMay 23, 201632,171 shares, last reported balance as of May 19, 2016
Richard DuFourJun 18, 201387,169 shares, last reported balance as of Jun 14, 2013
Duane KullbergMay 28, 201312,483 shares, last reported balance as of May 23, 2013
Mark DuffyMar 18, 2013116,662 shares, last reported balance as of Mar 14, 2013
Benjamin LonderganFeb 20, 201326,870 shares, last reported balance as of Feb 15, 2013
Paul KepesJun 18, 201210,632 shares, last reported balance as of Jun 14, 2012
Stuart KipnesFeb 14, 201277,847 shares, last reported balance as of Jun 13, 2011
William PowerFeb 14, 2012167,847 shares, last reported balance as of Jun 13, 2011
Edward JoyceDec 5, 2011114,908 shares, last reported balance as of Dec 1, 2011
David FisherFeb 14, 201187,547 shares, last reported balance as of Dec 15, 2010
Bradley GriffithFeb 14, 201177,847 shares, last reported balance as of Dec 15, 2010
Robert BirnbaumJun 18, 20107,847 shares, last reported balance as of Jun 18, 2010
Howard StoneJun 18, 20107,847 shares, last reported balance as of Jun 18, 2010
Patrick FayNo balance on record
Philip SlocumNo balance on record