Intercontinental Exchange (ICE) CTO trades stock, exercising 7,299 options and selling 4,271 shares
Rhea-AI Filing Summary
Intercontinental Exchange, Inc. Chief Technology Officer Mayur Kapani exercised employee stock options for a total of 7,299 shares of common stock on August 12, 2026, at exercise prices of $57.31 and $67.00 per share from fully vested options. On the same day, he sold 4,271 shares of common stock in multiple transactions at prices between approximately $149.83 and $151.78, in open-market or private transactions. These trades were effected under a Rule 10b5-1 trading plan effective February 12, 2026. Reported beneficial ownership referenced in the filing aggregates 56,779 shares of common stock, 8,907 RSUs, and 2,302 PSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Kapani Mayur
Role
Chief Technology Officer
Sold
4,271 shs ($646K)
Approx. gross sale proceeds
$646K
Approx. exercise cost
$460K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) Holding F8 | 3,028 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) Holding F8 | 4,271 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 4,271 | $67.00 | $286K |
| Exercise | Common Stock | 3,028 | $57.31 | $174K |
| Sale | Common Stock F1, F3 | 400 | $149.8286 | $60K |
| Sale | Common Stock F1, F4 | 3,771 | $151.3268 | $571K |
| Sale | Common Stock F1, F5, F6, F7 | 100 | $151.78 | $15K |
Holdings After Transaction:
Employee Stock Option (right to buy) Holding — 5,764 shares (Direct);
Common Stock — 67,988 shares (Direct)
Footnotes (8)
- F1. This transaction was effected pursuant to a Rule 10b5-l trading plan which was approved and became effective as of February 12, 2026.
- F2. Amount of securities beneficially owned includes 91 shares acquired under Intercontinental Exchange, Inc. Employee Stock Purchase Plan on June 30, 2026.
- F3. The price range for the aggregate amount sold by the direct holder is $149.55 - $150.25. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.
- F4. The price range for the aggregate amount sold by the direct holder is $150.76 - $151.71. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.
- F5. The common stock number referred in Table I is an aggregate number and represents 56,779 shares of common stock, 8,907 unvested restricted stock units ("RSUs"), and 2,302 performance based restricted stock units ("PSUs"), for which the performance period has been satisfied. The RSUs and PSUs vest over a three-year period, in which 33.33% of the units vest each year.
- F6. The satisfaction of the 2024, 2025 and 2026 three-year total shareholder return ("TSR") PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting. The satisfaction of the 2024, 2025 and 2026 three-year earnings before interest, taxes, depreciation, and amortization ("EBITDA") PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting.
- F7. The satisfaction of the performance based restricted stock units granted as Deal Incentive Awards and the corresponding number of shares to be issued pursuant to these awards, will not be determined until December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.
- F8. These options are fully vested.
Key Figures
Options exercised at $57.31: 3,028 shares at $57.31 per share
Options exercised at $67.00: 4,271 shares at $67.00 per share
Shares sold at $149.8286: 400 shares at $149.8286 per share
+5 more
8 metrics
Options exercised at $57.31
3,028 shares at $57.31 per share
Employee stock options exercised on August 12, 2026
Options exercised at $67.00
4,271 shares at $67.00 per share
Employee stock options exercised on August 12, 2026
Shares sold at $149.8286
400 shares at $149.8286 per share
Common stock sale on August 12, 2026
Shares sold at $151.3268
3,771 shares at $151.3268 per share
Common stock sale on August 12, 2026
Shares sold at $151.7800
100 shares at $151.7800 per share
Common stock sale on August 12, 2026
Aggregate common shares
56,779 shares
Common stock referenced as beneficially owned in Table I
Unvested RSUs
8,907 units
Restricted stock units vesting over three years
Performance-based PSUs
2,302 units
PSUs with satisfied performance period
Key Terms
Rule 10b5-l trading plan, restricted stock units ("RSUs"), performance based restricted stock units ("PSUs"), total shareholder return ("TSR") PSUs, +2 more
6 terms
Rule 10b5-l trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-l trading plan"
restricted stock units ("RSUs") financial
"represents 56,779 shares of common stock, 8,907 unvested restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance based restricted stock units ("PSUs") financial
"and 2,302 performance based restricted stock units ("PSUs")"
earnings before interest, taxes, depreciation, and amortization ("EBITDA") financial
"three-year earnings before interest, taxes, depreciation, and amortization ("EBITDA") PSUs"
Earnings before interest, taxes, depreciation, and amortization (EBITDA) is a measure of a company's operating profitability that strips out financing costs, tax effects, and certain accounting write‑downs to focus on core business performance. For investors it offers a quick way to compare how efficiently different companies generate earnings from their operations—like comparing the cash-making engine of two shops while ignoring their different loan payments, tax situations, or bookkeeping choices—though it doesn’t replace detailed cash‑flow or profit analysis.
Deal Incentive Awards financial
"performance based restricted stock units granted as Deal Incentive Awards"
FAQ
What did ICE (ICE) CTO Mayur Kapani do in this Form 4 filing?
Kapani exercised options for 7,299 ICE shares and sold 4,271 shares of common stock on August 12, 2026. The sales occurred in multiple transactions at prices around $150–$152 per share.
Were Mayur Kapani’s ICE (ICE) stock transactions under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were made under a Rule 10b5-1 trading plan that was approved and became effective on February 12, 2026. This indicates the trades followed a pre-established schedule.
How many ICE (ICE) options did the CTO exercise and at what prices?
Kapani exercised 7,299 employee stock options: 3,028 at an exercise price of $57.31 and 4,271 at $67.00 per share. The footnotes state these options were fully vested at the time of exercise.
What is Mayur Kapani’s reported ICE (ICE) equity ownership after these transactions?
A footnote explains the referenced aggregate holding represents 56,779 shares of common stock, 8,907 RSUs, and 2,302 PSUs. The RSUs and PSUs generally vest over three-year periods, with specific performance conditions for certain PSU awards.
Do ICE (ICE) performance-based awards for the CTO depend on TSR and EBITDA?
Yes. Footnotes describe PSUs tied to three-year total shareholder return (TSR) and three-year EBITDA performance. Outcomes and resulting share issuances for 2024–2026 awards will be determined between 2027 and 2029 and reported when they vest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
