STOCK TITAN

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

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Intercontinental Exchange insider sale under 10b5-1 plan; holdings after sale explained. The reporting person sold 939 shares of ICE common stock under a pre-established Rule 10b5-1 trading plan. The filing shows the seller still beneficially owns 16,624 shares in aggregate, composed of 7,281 shares of common stock, 3,590 unvested restricted stock units (RSUs), and 5,753 unvested performance-based restricted stock units (PSUs) for which the performance period has been satisfied. PSUs and RSUs vest over multi-year schedules and several performance-based awards will not be finally determined until their respective vesting measurement dates.

Vendita da insider di Intercontinental Exchange nell’ambito di un piano 10b5-1; partecipazioni dopo la vendita spiegate. La persona interessata ha venduto 939 azioni ordinarie ICE nell’ambito di un piano di trading predefinito secondo la Rule 10b5-1. La presentazione mostra che l’esponente continua a detenere 16.624 azioni in maniera beneficiaria, costituite da 7.281 azioni ordinarie, 3.590 RSU non vestite e 5.753 PSU non vestite per le quali il periodo di performance è stato soddisfatto. Le PSU e le RSU vestono secondo piani pluriennali e diversi premi basati sulle performance non saranno definitivamente determinati fino alle rispettive date di vesting.

Venta de insider de Intercontinental Exchange bajo un plan 10b5-1; explicadas las participaciones tras la venta. La persona reportante vendió 939 acciones comunes de ICE bajo un plan de negociación 10b5-1 preestablecido. El documento indica que el vendedor sigue siendo titular beneficiario de 16.624 acciones en conjunto, compuestas por 7.281 acciones comunes, 3.590 RSU no devengadas y 5.753 PSU no devengadas para las cuales se ha cumplido el periodo de rendimiento. Las PSU y las RSU vesting a lo largo de calendarios plurianuales y varias recompensas basadas en el rendimiento no se decidirán definitivamente hasta sus respectivas fechas de medición de vesting.

Intercontinental Exchange 내부자 매도, 10b5-1 계획에 따른 거래; 매도 후 보유 현황 설명. 공시자는 미리 정해진 Rule 10b5-1 거래 계획에 따라 ICE 보통주 939주를 매도했습니다. 공시에 따르면 매도자는 여전히 16,624주의 유익한 소유를 보유하고 있으며, 이 중 7,281주의 보통주, 3,590주 미발효 RSU, 5,753주 미발효 PSU를 포함합니다(성능 기간이 충족됨). RSU와 PSU는 다년간의 일정에 따라 vest가 이루어지며, 다수의 성과 기반 보상은 각 vesting 측정일에야 최종 결정됩니다.

Vente d’un initié d’Intercontinental Exchange dans le cadre d’un plan 10b5-1; les participations après la vente expliquées. La personne déclarante a vendu 939 actions ordinaires ICE dans le cadre d’un plan deTrading préétabli selon la règle 10b5-1. Le dossier indique que le vendeur détient toujours, de manière bénéficiaire, 16 624 actions au total, constituées de 7 281 actions ordinaires, 3 590 RSU non vesting et 5 753 PSU non vesting pour lesquels la période de performance a été satisfaite. Les PSU et les RSU se vestent selon des calendriers pluriannuels et plusieurs attributions basées sur la performance ne seront définitivement déterminées que lors de leurs dates de vesting respectives.

Intercontinental Exchange Insider-Verkauf im Rahmen eines 10b5-1-Plans; Beteiligungen nach dem Verkauf erläutert. Die meldende Person hat 939 ICE-Stammaktien gemäß einem vorab festgelegten Handelsplan gemäß Regel 10b5-1 verkauft. Die Einreichung zeigt, dass der Verkäufer nach wie vor rechtlich Eigentümer von 16.624 Aktien insgesamt ist, bestehend aus 7.281 Aktien Stammaktien, 3.590 nicht vesting RSUs und 5.753 nicht vesting PSUs, für die der Leistungszeitraum erfüllt wurde. RSUs und PSUs vesten nach mehrjährigen Zeitplänen, und mehrere leistungsabhängige Zuwendungen werden erst an ihren jeweiligen Vesting-Datums endgültig bestimmt.

بيع من داخل الشركة في Intercontinental Exchange بموجب خطة 10b5-1؛ توضيح الحيازات بعد البيع. باع الشخص المُبلغ عنه 939 سهماً من أسهم ICE العادية وفق خطة تداول محددة مسبقاً وفق القاعدة 10b5-1. يُظهر الإبلاغ أن البائع لا يزال يملك بشكل مستفيد 16,624 سهماً إجمالاً، تتكون من 7,281 سهماً عاديًا، و 3,590 RSU غير منسوبة، و 5,753 PSU غير منسوبة لم يتحقق فترتها الأداء. vesting RSU و PSU تمتد على جداول متعددة السنوات، ولن يتم تحديد العديد من الجوائز القائمـة على الأداء بشكل نهائي حتى تواريخ vesting الخاصة بها.

Intercontinental Exchange 内幕人士在 10b5-1 计划下的抛售;出售后的持股情况说明。 报告人按照事先设定的 Rule 10b5-1 交易计划出售了 939 股 ICE 普通股。该文件显示,卖方仍然拥有 16,624 股的受益所有权,总计包括 7,281 股普通股、3,590 股未归属的 RSU,以及 5,753 股未归属的 PSU,其绩效期已被达成。RSU 和 PSU 将在多年时间表上归属,若干基于绩效的奖项在各自的 vesting 日期到来之前不会最终确定。

Positive
  • Sale executed under a Rule 10b5-1 trading plan, indicating the transaction was pre-planned and compliant with insider trading rules
  • Clear disclosure of retained holdings totaling 16,624 shares with breakdown into common shares, RSUs, and PSUs
Negative
  • Reduction in direct holdings due to the sale of 939 shares
  • Several PSUs remain undetermined until future vesting measurement dates, creating uncertainty in final share issuance

Insights

TL;DR: Routine insider sale under a 10b5-1 plan; remaining holdings include time- and performance-based awards.

The transaction reflects an orderly disposition executed under a Rule 10b5-1 plan, indicating pre-planned liquidity rather than ad hoc trading. The seller retains 16,624 shares in aggregate, of which a meaningful portion consists of unvested RSUs and PSUs that vest over multi-year schedules. Because many performance-based PSUs remain subject to future determination, the ultimate share issuance could change over time. Overall, this filing is a standard insider liquidity event with limited immediate implication for valuation or control.

TL;DR: Disclosure aligns with governance best practices; trading plan cited and vesting terms disclosed.

The report discloses that the sale was effected pursuant to a 10b5-1 trading plan and provides a breakdown of retained equity and award types, which supports transparency. The filing notes that certain PSUs have multi-year performance measurements and that some award outcomes will be reported upon vesting, consistent with typical executive compensation governance. No unusual arrangements or exceptions are disclosed in the form.

Vendita da insider di Intercontinental Exchange nell’ambito di un piano 10b5-1; partecipazioni dopo la vendita spiegate. La persona interessata ha venduto 939 azioni ordinarie ICE nell’ambito di un piano di trading predefinito secondo la Rule 10b5-1. La presentazione mostra che l’esponente continua a detenere 16.624 azioni in maniera beneficiaria, costituite da 7.281 azioni ordinarie, 3.590 RSU non vestite e 5.753 PSU non vestite per le quali il periodo di performance è stato soddisfatto. Le PSU e le RSU vestono secondo piani pluriennali e diversi premi basati sulle performance non saranno definitivamente determinati fino alle rispettive date di vesting.

Venta de insider de Intercontinental Exchange bajo un plan 10b5-1; explicadas las participaciones tras la venta. La persona reportante vendió 939 acciones comunes de ICE bajo un plan de negociación 10b5-1 preestablecido. El documento indica que el vendedor sigue siendo titular beneficiario de 16.624 acciones en conjunto, compuestas por 7.281 acciones comunes, 3.590 RSU no devengadas y 5.753 PSU no devengadas para las cuales se ha cumplido el periodo de rendimiento. Las PSU y las RSU vesting a lo largo de calendarios plurianuales y varias recompensas basadas en el rendimiento no se decidirán definitivamente hasta sus respectivas fechas de medición de vesting.

Intercontinental Exchange 내부자 매도, 10b5-1 계획에 따른 거래; 매도 후 보유 현황 설명. 공시자는 미리 정해진 Rule 10b5-1 거래 계획에 따라 ICE 보통주 939주를 매도했습니다. 공시에 따르면 매도자는 여전히 16,624주의 유익한 소유를 보유하고 있으며, 이 중 7,281주의 보통주, 3,590주 미발효 RSU, 5,753주 미발효 PSU를 포함합니다(성능 기간이 충족됨). RSU와 PSU는 다년간의 일정에 따라 vest가 이루어지며, 다수의 성과 기반 보상은 각 vesting 측정일에야 최종 결정됩니다.

Vente d’un initié d’Intercontinental Exchange dans le cadre d’un plan 10b5-1; les participations après la vente expliquées. La personne déclarante a vendu 939 actions ordinaires ICE dans le cadre d’un plan deTrading préétabli selon la règle 10b5-1. Le dossier indique que le vendeur détient toujours, de manière bénéficiaire, 16 624 actions au total, constituées de 7 281 actions ordinaires, 3 590 RSU non vesting et 5 753 PSU non vesting pour lesquels la période de performance a été satisfaite. Les PSU et les RSU se vestent selon des calendriers pluriannuels et plusieurs attributions basées sur la performance ne seront définitivement déterminées que lors de leurs dates de vesting respectives.

Intercontinental Exchange Insider-Verkauf im Rahmen eines 10b5-1-Plans; Beteiligungen nach dem Verkauf erläutert. Die meldende Person hat 939 ICE-Stammaktien gemäß einem vorab festgelegten Handelsplan gemäß Regel 10b5-1 verkauft. Die Einreichung zeigt, dass der Verkäufer nach wie vor rechtlich Eigentümer von 16.624 Aktien insgesamt ist, bestehend aus 7.281 Aktien Stammaktien, 3.590 nicht vesting RSUs und 5.753 nicht vesting PSUs, für die der Leistungszeitraum erfüllt wurde. RSUs und PSUs vesten nach mehrjährigen Zeitplänen, und mehrere leistungsabhängige Zuwendungen werden erst an ihren jeweiligen Vesting-Datums endgültig bestimmt.

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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Williams Stuart Glen

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025
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 09/17/2025 S 939(1) D $172.0366(2) 16,624(3)(4)(5) 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. This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of December 4, 2024.
2. The price range for the aggregate amount sold by the direct holder is $171.69- $172.51. 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.
3. The common stock number referred in Table I is an aggregate number and represents 7,281 shares of common stock, 3,590 unvested restricted stock units ("RSUs"), and 5,753 unvested 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.
4. The satisfaction of the 2023, 2024 and 2025 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 2026, February 2027 and February 2028, respectively, and will be reported at the time of vesting. The satisfaction of the 2024 and 2025 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 and February 2028, respectively, and will be reported at the time of vesting.
5. 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.
/s/ Octavia N. Spencer, Attorney-in-fact 09/19/2025
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did ICE report in this Form 4?

The filer sold 939 shares of Intercontinental Exchange (ICE) common stock under a Rule 10b5-1 trading plan.

How many ICE shares does the reporting person beneficially own after the transaction?

The filing reports 16,624 shares beneficially owned following the reported transaction.

What types of equity comprise the 16,624 ICE shares?

The aggregate includes 7,281 shares of common stock, 3,590 unvested RSUs, and 5,753 unvested PSUs for which the performance period has been satisfied.

Was the sale part of an approved trading plan?

Yes. The transaction was effected pursuant to a Rule 10b5-1 trading plan that was approved and became effective on the plan date disclosed in the filing.

Are all performance-based awards finalized now?

No. The filing states that certain three-year TSR and EBITDA PSUs and Deal Incentive Awards will not be finally determined until their respective future vesting measurement dates.
Intercontinental Exchange Inc

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