Jackson Benjamin 4

What Happened

• Jackson Benjamin, President of Intercontinental Exchange (ICE), exercised 12,861 option shares at $57.31 per share (cost ~$737,064) and immediately sold those 12,861 shares in the open market at about $165.00 per share (proceeds ~$2,122,078) on Feb 10, 2026. He also had 1,413 shares withheld to cover tax withholding (valued at ~$239,475) and was granted/issued 10,921 restricted stock units (RSUs) the same day.

Key Details

• Transaction date: February 10, 2026 (filed Feb 12, 2026; filing appears timely).
• Exercise (M): 12,861 shares exercised at $57.31, aggregate cost ~$737,064.
• Sale (S): 12,861 shares sold at $165.00 (price range for sales reported as $165.00–$165.06); proceeds ~$2,122,078. Sale was effected pursuant to a Rule 10b5-1 trading plan (effective Nov 3, 2025).
• Tax withholding (F): 1,413 shares withheld at $169.48 to satisfy tax obligations (~$239,475). These withheld shares relate to RSU vesting (per filing footnotes).
• Award/Grant (A): 10,921 RSUs granted on Feb 10, 2026 (vesting over three years).
• Shares owned after transaction: beneficially owns 139,785 shares of common stock, plus 17,204 unvested RSUs and 18,211 PSUs (per filing aggregate).
• Options status: the exercised options were fully vested (footnote).
• Footnote on sale prices: issuer can provide breakdown of number of shares sold at each price upon SEC or shareholder request.

Context

• This was effectively a cashless exercise: Benjamin exercised vested options and sold the same number of shares the same day (exercise → conversion → sale). The sale was carried out under a pre-existing 10b5-1 plan (routine, pre-scheduled trading). The 1,413-share disposition listed as "F" reflects shares withheld for tax withholding on vested RSUs rather than an open-market sale. No late filing is indicated in the report.