UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
(Exact Name of Registrant as Specified in its Charter)
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(State or Other Jurisdiction | (Commission File Number) | (I.R.S. Employer Identification Number) |
(Address of Principal Executive Offices) (Zip Code)
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(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||
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Title of each class | Trading Symbol | Name of the exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □
Item 8.01. Other Events.
On July 29, 2022, Mr. Thomas Peterffy, founder and Chairman Interactive Brokers Group, Inc. (the “Company”), adopted a Rule 10b5-1 trading plan to sell 1,000,000 of the Company’s Class A common stock received in partial redemption of his interests in IBG Holdings LLC, as more fully described in the prospectus supplement filed on Form 424b5 (File No. 333-240121) (the “Prospectus Supplement”) with the Securities and Exchange Commission (“SEC”) on August 1, 2022, and other personally held shares. Mr. Peterffy entered into the plan as part of his personal long-term investment strategy for tax, asset diversification and liquidity.
Under the terms of the plan, Mr. Peterffy intends to sell up to 20,000 shares of the Company’s Class A common stock per day at prevailing market prices, subject to the terms of the plan and SEC Rule 144. Mr. Peterffy will not have any control over the timing of the stock sales under the plan. The transactions will occur until the earlier of the date on which all shares are sold, January 28, 2023, or the plan is terminated in accordance with its terms and applicable laws. All transactions under the plan will be disclosed in accordance with applicable securities laws, rules and regulations through appropriate filings with the SEC, as applicable.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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Exhibit Number |
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104 |
| Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL Document). |
(*) Filed herewith.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 2, 2022
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| INTERACTIVE BROKERS GROUP, INC. | |
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| By: | /s/ Paul J. Brody |
| Name: | Paul J. Brody |
| Title: | Chief Financial Officer, Treasurer |
Document And Entity Information |
Jul. 29, 2022 |
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| Document And Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Jul. 29, 2022 |
| Entity Registrant Name | INTERACTIVE BROKERS GROUP, INC. |
| Entity Incorporation, State or Country Code | DE |
| Entity File Number | 001-33440 |
| Entity Tax Identification Number | 30-0390693 |
| Entity Address, Address Line One | One Pickwick Plaza |
| Entity Address, City or Town | Greenwich |
| Entity Address, State or Province | CT |
| Entity Address, Postal Zip Code | 06830 |
| City Area Code | 203 |
| Local Phone Number | 618-5800 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, par value $.01 per share |
| Trading Symbol | IBKR |
| Security Exchange Name | NASDAQ |
| Entity Central Index Key | 0001381197 |
| Entity Emerging Growth Company | false |
| Amendment Flag | false |