Kapani Mayur 4

What Happened

• Mayur Kapani, Chief Technology Officer of Intercontinental Exchange (ICE), exercised 5,347 derivative awards on Feb 18, 2026 (cost $57.31 per share; $306,437 total) and had multiple dispositions Feb 17–18, 2026. Dispositions include 1,028 shares withheld for tax ($156,544) and open-market sales of 4,519 shares at $154.49 ($698,120) and 10,694 shares at $155.25 ($1,660,227). Aggregate reported sale proceeds from those transactions total about $2.51M. One line reports a 5,347-share derivative disposition at $0 (conversion/reporting detail).

Key Details

• Transaction dates & prices: Feb 17–18, 2026 — tax withholding 1,028 @ $152.28; exercise 5,347 @ $57.31; open-market sales 4,519 @ $154.49 and 10,694 @ $155.25.
• Shares owned after transactions: beneficially owns 53,660 shares of common stock, plus 8,907 unvested RSUs and 2,302 performance-based RSUs (vesting over three years).
• Notable footnotes: 1,028 shares were withheld to cover tax withholding on PSUs; some awards were performance-based and vest over time (see footnotes). Feb 18 sales were effected under a Rule 10b5-1 trading plan. One derivative conversion line reports $0 value (reporting convention).
• Filing timeliness: Form 4 filed Feb 19, 2026 for transactions through Feb 18 — appears timely (no late filing indicated).

Context

• This was largely a sale event (routine liquidity and tax-withholding), combined with an options/derivative exercise. The filing shows an exercise (paying $57.31/share) and simultaneous/near-term dispositions (including shares withheld for taxes and open-market sales).
• Performance-based and time-based RSUs/PSUs remain subject to future vesting and performance tests and will be reported when they vest.