Sprecher Jeffrey C 4

What Happened

• Jeffrey C. Sprecher, CEO of Intercontinental Exchange (ICE), was issued 28,214 restricted stock units (RSUs) on February 10, 2026. As part of the issuance, 4,049 shares were withheld to satisfy tax-withholding obligations at $169.48 per share, a disposition valued at approximately $686,225. The RSU grants vest over multiple years per the company's award terms.

Key Details

• Transaction date: February 10, 2026 (reported Feb 12, 2026). Filing appears timely.
• Disposition (tax withholding): 4,049 shares withheld at $169.48 — proceeds/withholding ≈ $686,225 (code F).
• Acquisition (award): 28,214 RSUs issued @ $0 (code A).
• Shares/units reported after transaction: 1,089,075 shares of common stock, plus 46,016 unvested RSUs and 57,027 vested PSUs (aggregate shown in filing).
• Notable footnotes:
  • F1/F2: Portions of the shares relate to RSUs granted in 2025 and 2026 that vest 1/3 each year on anniversary dates; 8,900 shares from a 2025 grant were issued on Feb 10, 2026 (4,049 withheld for taxes).
  • F4/F5: Certain performance-based RSUs (TSR and EBITDA PSUs and Deal Incentive Awards) have future determination/vesting dates and will be reported when satisfied.
  • F6/F7: Sprecher indirectly owns additional shares via CPEX (1,801,705 shares) and has indirect spouse-owned holdings; he disclaims beneficial ownership of some spouse-held shares.

Context

• This was primarily a non-cash compensation event (RSU award). The 4,049-share "sale" was a standard tax-withholding/settlement — not an open-market sell — commonly used to cover tax obligations when RSUs vest.
• RSU awards vest over time (typically 1/3 per year here), so future issuances and any associated withholding will be reported at vesting. Purchases would generally signal direct insider buying; this filing reflects compensation and routine withholding.