[Form 4] Intercontinental Exchange, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jonathan Hopkin Hill, a director of Intercontinental Exchange, Inc. (ICE), reported an award of 1,381 restricted stock units (RSUs) on 09/22/2025 that are scheduled to vest on the one-year anniversary of the grant, and which may be settled only by delivery of ICE common stock. After the reported grant, Mr. Hill is shown as beneficially owning 1,437 unvested RSUs in total, of which 56 RSUs vest on May 16, 2026 and 1,381 RSUs vest on September 22, 2026. The reported transaction shows a grant price of $0, consistent with an equity award rather than an open-market purchase.

Positive

• Award aligns director with shareholders via equity settlement in common stock
• Clear, time‑based vesting schedule (56 RSUs on May 16, 2026; 1,381 RSUs on Sept 22, 2026) disclosed

Negative

• All reported RSUs are unvested, so there is no immediate change in transferable shares

Insights

Corporate Governance Expert

TL;DR: Director received time‑based equity that aligns interests with shareholders, with standard one‑year vesting schedule.

The disclosure shows a typical restricted stock unit award to a director rather than a purchase or sale. Time‑based vesting (one‑year cliff split into two vesting dates) encourages retention and ties the director to stock performance until settlement in shares. No disposals or exercised derivatives are reported, and the award is recorded at $0 which indicates company compensation rather than a market transaction. For governance reviewers, this is a routine compensation event with clear vesting dates and settlement in common stock.

Compensation Analyst

TL;DR: The reported 1,381 RSUs are standard restricted stock units with defined vesting dates; impact on dilution is immaterial in this filing alone.

The form documents an equity grant that vests over the next year: 56 RSUs vest in May 2026 and 1,381 RSUs vest in September 2026. Because these are unvested RSUs settled in common stock upon vesting, they will increase outstanding shares only if and when settled. The filing does not disclose grant-date fair value, aggregate holdings of other equity, or any cash consideration, so materiality to company capital structure cannot be assessed from this form alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hill Jonathan Hopkin

(Last) (First) (Middle)

5660 NEW NORTHSIDE DRIVE

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Intercontinental Exchange, Inc. [ ICE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/22/2025		A		1,381(1)	A	$0	1,437(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units. This award of restricted stock units vests on the one-year anniversary of the award date and may be settled only by delivery of shares of the Issuer's common stock, par value $0.01 per share.

2. The common stock number referred in Table 1 represents unvested restricted stock units. The restricted stock units vest on the one-year anniversary of the date of grant. Of the 1,437 unvested restricted stock units, 56 will vest on May 16, 2026 and 1,381 will vest on September 22, 2026.

	/s/ Octavia N. Spencer, Attorney-in-fact	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did ICE director Jonathan Hopkin Hill receive on 09/22/2025?

He received 1,381 restricted stock units (RSUs) granted on 09/22/2025 that vest one year after the grant.

How many total unvested RSUs does Jonathan Hopkin Hill beneficially own according to the Form 4?

The Form 4 reports 1,437 unvested RSUs beneficially owned following the reported transaction.

When do the reported RSUs vest?

56 RSUs vest on May 16, 2026 and 1,381 RSUs vest on September 22, 2026.

Was there a cash purchase price for the RSUs reported?

No cash price was paid; the transaction is shown with a price of $0, indicating an equity award.

Does the Form 4 show any stock sales or option exercises by Mr. Hill?

No. The Form 4 reports only an acquisition of RSUs and no dispositions or derivative exercises.