Kapani Mayur 4

What Happened
Kapani Mayur, Chief Technology Officer of Intercontinental Exchange, had 1,709 shares disposed on February 12, 2026 to satisfy tax withholding related to the vesting of performance-based restricted stock units (PSUs). The withheld shares were disposed at $151.99 per share, for a total value of $259,751. These shares were part of a PSU award granted February 3, 2023; the third and final tranche of that award vested and was issued on February 12, 2026.

Key Details

• Transaction date and price: 2026-02-12 at $151.99 per share.
• Shares withheld/disposed: 1,709 shares; total value $259,751. (Transaction code F = tax withholding)
• Reported holdings (per filing): 62,252 shares of common stock, plus 8,907 unvested RSUs and 4,604 PSUs for which the performance period has been satisfied.
• Source of shares: Third tranche of performance-based RSUs granted 2/3/2023 (11,494 total; 3,832 issued on 2/12/2026; 1,709 withheld for taxes).
• Filing: Form 4 filed 2026-02-17 for the 2026-02-12 transaction; filing appears timely (Feb 16 was a federal holiday).

Context
This was a routine tax-withholding disposition (not an open-market sale) tied to the vesting of PSUs. The filing notes other ongoing PSU/RSU awards with future vesting or performance determinations (see footnotes regarding 2024–2026 TSR/EBITDA PSUs and Deal Incentive Awards). Tax-withholding disposals are standard and do not necessarily indicate a view on the company’s stock.