Intercontinental Exchange insider plans $2.50M sale of 15,427 shares

Rhea-AI Filing Summary

Intercontinental Exchange, Inc. reported a proposed insider sale under Rule 144: 15,427 shares of common stock are planned to be sold through Morgan Stanley Smith Barney LLC on 10/08/2025, with an aggregate market value of $2,498,865.46. The filing shows the shares were acquired in two events: 10,690 shares were obtained by exercise of stock options on 10/08/2025 and paid in cash, and 4,737 shares came from performance stock units granted on 02/12/2024. The issuer's outstanding shares are listed as 572,423,088. No sales by the reporting person in the past three months are reported.

Positive

• Compliance filing under Rule 144 notifies a planned sale and provides acquisition details
• Proceeds originate from option exercise and vested PSUs, clarifying the sale is from compensation-related holdings
• No reported sales in the past three months, indicating this is not part of a recent pattern of insider dispositions

Negative

• No Rule 10b5-1 plan date provided, so timing may not be pursuant to a pre-established trading plan
• Insider proposes selling shares worth $2,498,865.46, which some investors may view as reduced insider ownership

Insights

Corporate Governance Analyst

Planned insider sale disclosed; acquisition and sale timing are explicit.

The notice documents a proposed sale of 15,427 shares with an aggregate value of $2,498,865.46 scheduled for 10/08/2025. The filing identifies the acquisition sources: 10,690 shares from option exercise on 10/08/2025 and 4,737 shares from performance stock units on 02/12/2024, which clarifies that recently vested compensation is the supply for the sale.

Key governance considerations are straightforward: this is a Rule 144 notice intended to comply with resale conditions. Monitor whether the sale follows a pre-existing trading plan or Rule 10b5-1 instruction, as no plan adoption date is provided in the filing.

Equity Market Specialist

Size of sale is small relative to outstanding shares; market impact is likely limited.

The proposed sale of 15,427 shares represents approximately 0.0027% of the listed 572,423,088 outstanding shares (calculated from provided counts), indicating the transaction is immaterial for overall float. The execution is routed through Morgan Stanley Smith Barney LLC on the NYSE.

Investors typically view such filings as routine liquidity events when proceeds stem from exercised options and vested PSUs. Watch the actual execution on 10/08/2025 for completed transaction details.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	15427	2498865.46	572423088	10/08/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/08/2025	Exercise of Stock Options	Issuer			10690	10/08/2025	Cash
Common	02/12/2024	Performance Stock Units	Issuer			4737	02/12/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does ICE's Form 144 filed for 10/08/2025 disclose?

The filing discloses a proposed sale of 15,427 common shares through Morgan Stanley Smith Barney LLC on 10/08/2025 with an aggregate market value of $2,498,865.46.

How were the shares being sold acquired according to the filing?

The filing shows 10,690 shares were acquired by exercise of stock options on 10/08/2025 (paid in cash) and 4,737 shares came from performance stock units on 02/12/2024.

Does the Form 144 indicate prior sales by the insider in the last three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Which broker and exchange are named for the planned sale?

The sale is to be executed through Morgan Stanley Smith Barney LLC on the NYSE.

How significant is the proposed sale relative to ICE's outstanding shares?

The proposed 15,427 shares compare to 572,423,088 outstanding shares, making the transaction a very small percentage of total shares outstanding.