Insider Sales Disclosed: ICE 10b5-1 Trades and Form 144 Notice

Rhea-AI Filing Summary

Intercontinental Exchange filed a Form 144 notice under Rule 144 reporting a proposed sale of 66,575 shares of common stock through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $12,378,289.75. The filing states the shares were acquired on 08/12/2025 by exercise of stock options from the issuer and paid in cash.

The filing also discloses recent 10b5-1 sales: 68,315 shares sold on 06/04/2025 by Jeffrey C. Sprecher for $12,245,600.38, and 150,000 shares sold on 06/04/2025 by Continental Power Exchange, Inc. for $26,883,000.00. The form includes the required signature representation that no undisclosed material adverse information is known.

Insights

Securities Analyst

TL;DR: Routine Form 144 discloses an insider plan to sell 66,575 ICE shares; recent 10b5-1 sales are also reported.

The filing provides clear, transaction-level disclosure: the planned offer involves 66,575 common shares with an aggregate market value of $12,378,289.75, to be handled by Morgan Stanley Smith Barney on the NYSE. The shares are reported as acquired by stock option exercise on 08/12/2025 and paid in cash. The document further lists two 10b5-1 sales executed on 06/04/2025 totaling 218,315 shares and showing gross proceeds of $39,128,600.38.

Corporate Governance Expert

TL;DR: Filing reflects standard insider-sale disclosure and includes the Rule 10b5-1 and signature attestations required by Form 144.

The notice contains the statutory representation that the signer does not possess undisclosed material adverse information and references reliance on trading plans where applicable. It identifies the broker, share counts, acquisition method (option exercise), payment method (cash), and recent 10b5-1 activity, meeting the primary Form 144 disclosure elements contained within the document.

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

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	66575	12378289.75	572423088	08/12/2025	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	08/12/2025	Exercise of Stock Options	Issuer			66575	08/12/2025	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JEFFREY C SPRECHER 5660 New Northside Drive Atlanta GA 30328	COMMON	06/04/2025	68315	12245600.38
10b5-1 Sales for CONTINENTAL POWER EXCHANGE, INC. 5660 New Northside Drive Atlanta GA 30328	COMMON	06/04/2025	150000	26883000.00

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 the ICE Form 144 disclose?

It discloses a proposed sale of 66,575 common shares valued at $12,378,289.75 via Morgan Stanley on the NYSE, acquired on 08/12/2025 by option exercise and paid in cash.

Who executed recent 10b5-1 sales disclosed in the filing?

Jeffrey C. Sprecher sold 68,315 shares on 06/04/2025 for $12,245,600.38, and Continental Power Exchange, Inc. sold 150,000 shares on 06/04/2025 for $26,883,000.00.

When were the shares to be sold reported as acquired?

The shares to be sold are reported as acquired on 08/12/2025 through the exercise of stock options from the issuer.

Through which broker and exchange will the proposed sale occur?

The filing lists Morgan Stanley Smith Barney LLC as the broker and the NYSE as the exchange for the proposed sale.

Does the Form 144 include an attestation about material information?

Yes. The person for whose account the securities are to be sold represents by signing that they do not know any material adverse information about the issuer that has not been publicly disclosed.