Proposed Common-stock sales reported by Morgan Stanley (NYSE: ICE) in Form 144

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC filed a Form 144 reporting proposed sales of Common Stock. The notice lists proposed transactions dated 02/18/2026 including 50,766 shares from an exercise of stock options, 63,550 shares from performance stock units, and 15,621 shares from restricted stock units. The filing also discloses prior 10b5-1 sales of 150,000 shares on 11/19/2025.

Insights

Securities Attorney

Form 144 notifies the market of affiliate sale intentions and prior 10b5-1 activity.

Form 144 is a regulatory notice required when an affiliate proposes public sales; the excerpt lists specific share amounts tied to an exercise of stock options, performance stock units, and restricted stock units, all dated 02/18/2026. These entries identify intended sources of the shares rather than secondary-party purchasers.

Transaction timing and execution mechanics are not shown in the excerpt; the actual sale amounts and timing will depend on plan rules and any trading plans. Subsequent filings will reflect completed sales.

Equity Capital Markets Specialist

The filing shows multiple issuance-related sources totaling listed quantities rather than a single block resale.

The notice enumerates 50,766 (option exercise), 63,550 (performance stock units), and 15,621 (RSUs) as proposed actions on 02/18/2026. It separately records 150,000 shares sold under a 10b5-1 plan on 11/19/2025.

These figures inform potential near-term supply, but actual market impact depends on whether and how these shares are offered; the excerpt does not specify distribution methods or proceeds recipients.

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	129937	19937533.28	567896513	02/18/2026	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	02/18/2026	Exercise of Stock Options	Issuer			50766	02/18/2026	Cash
Common	02/03/2026	Performance Stock Units	Issuer			63550	02/03/2026	N/A
Common	02/10/2026	Restricted Stock Units	Issuer			15621	02/10/2026	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for CONTINENTAL POWER EXCHANGE, INC 5660 New Northside Drive Atlanta GA 30328	COMMON	11/19/2025	150000	22962570.00

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 Form 144 for ICE disclose?

The Form 144 discloses proposed sales of Common Stock by an affiliate. It lists 50,766 shares from option exercise, 63,550 from performance stock units, and 15,621 from restricted stock units, all dated 02/18/2026.

Does the filing show any prior sales for ICE?

Yes. The excerpt records prior 10b5-1 sales of Common Stock. It shows 150,000 shares sold on 11/19/2025 under a 10b5-1 plan tied to Continental Power Exchange, Inc.

Who is the broker or intermediary listed on the Form 144?

The filing names Morgan Stanley Smith Barney LLC as the broker/intermediary. An address is shown as 1 New York Plaza, 8th Floor, New York, NY 10004 and the exchange is listed as NYSE.

Are proceeds or distribution methods specified in the excerpt?

The excerpt lists share sources and dates but does not detail proceeds or distribution methods. It identifies the origin of shares (options, PSUs, RSUs) and prior 10b5-1 sales; no proceeds recipients or sale mechanics are shown.