Insider Trading March 26, 2026

Interactive Brokers Director Lori Conkling Makes Small Purchases Under 10b5-1 Plan

Two Form 4 filings show $5,390 in Class A stock acquired while IBKR trades near InvestingPro fair value

By Derek Hwang IBKR
Interactive Brokers Director Lori Conkling Makes Small Purchases Under 10b5-1 Plan
IBKR

Interactive Brokers Group director Lori A Conkling reported two purchases of Class A common stock totaling $5,390 executed under a 10b5-1 trading plan, bringing her direct holdings to 2,409 shares. The trades, filed on a Form 4, occurred on February 25 and March 2, 2026. The disclosures follow a period in which Interactive Brokers posted better-than-expected fourth-quarter 2025 results and rolled out new product and market initiatives.

Key Points

  • Director Lori A Conkling purchased 75 shares of Interactive Brokers Class A common stock across two trades totaling $5,390.
  • Transactions were executed under a 10b5-1 trading plan and were not reported immediately due to an oversight; Conkling now directly owns 2,409 Class A shares.
  • Interactive Brokers reported Q4 2025 earnings of $0.65 per share and revenue of $1.64 billion, both beating analyst expectations; BMO Capital raised its price target to $82 and maintained an Outperform rating.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) director Lori A Conkling has reported two small purchases of the company's Class A common stock that together amount to $5,390 in value. The transactions, disclosed on a Form 4 filed with the Securities and Exchange Commission, were carried out under a pre-existing 10b5-1 trading plan and were not initially reported due to an oversight.

According to the filing, Conkling acquired 50 shares on February 25, 2026, at a price of $73.21 per share. She followed up with an additional purchase of 25 shares on March 2, 2026, at $69.21 per share. After these two trades, Conkling directly holds 2,409 shares of Interactive Brokers' Class A common stock.

The reported purchases arrive as Interactive Brokers trades near its InvestingPro Fair Value of $67.70, with the company's common shares quoted at $66.21. The filing notes that the small-scale transactions were executed under the director's 10b5-1 trading arrangement; the delay in reporting was attributed to an oversight.


Contextual corporate updates

Interactive Brokers recently reported its fourth-quarter 2025 financial results, posting earnings per share of $0.65. That figure exceeded the analyst consensus estimate of $0.59 by 10.17%. Revenue for the quarter was $1.64 billion, topping the forecasted $1.61 billion.

Following the earnings release, BMO Capital adjusted its coverage, raising its price target for Interactive Brokers to $82 while maintaining an Outperform rating.

The firm has also expanded its product lineup. Interactive Brokers introduced nano Bitcoin and Ether futures contracts via Coinbase Derivatives, LLC; those contracts are available for trading 24/7 except during scheduled maintenance windows. In the Canadian market, the company launched Registered Retirement Income Funds to provide a retirement drawdown solution for clients.

Separately, Interactive Brokers announced the appointment of Dr. Philip Tetlock to the Board of Directors of ForecastEx, a move the company characterized as strengthening its forecasting and decision-making expertise.


What the filings show

  • Two purchases by Director Lori A Conkling totaling $5,390 in Class A stock.
  • Trades executed on February 25 and March 2, 2026, at $73.21 and $69.21 per share, respectively.
  • Post-transaction direct ownership stands at 2,409 Class A shares.
  • Transactions conducted under a 10b5-1 plan and initially omitted from timely reporting due to oversight.

The filings and corporate updates together provide a snapshot of modest insider buying against a backdrop of better-than-expected quarterly results and recent product and governance developments at Interactive Brokers.

Risks

  • The insider transactions were not initially reported in a timely manner due to oversight, which may raise compliance or disclosure process questions for shareholders - impacting corporate governance scrutiny.
  • Market valuation proximity to InvestingPro Fair Value suggests limited margin between current price ($66.21) and fair value ($67.70), which could influence investor sensitivity to short-term earnings or product announcements - affecting equity market positioning.
  • The reported insider purchases are relatively small in dollar terms ($5,390), which limits their informational weight regarding director conviction or future company performance - reducing potential market impact.

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