Jackson Benjamin 4

What Happened

• Jackson Benjamin, President of Intercontinental Exchange, sold a total of 3,865 shares in three open-market transactions on February 19, 2026, for aggregate proceeds of approximately $594,155. The individual sales were: 1,919 shares at $153.18 ($293,946), 1,246 shares at $153.90 ($191,758), and 700 shares at $154.93 ($108,451). These sales were effected under a Rule 10b5-1 trading plan effective November 3, 2025, indicating preplanned, formula-driven disposals rather than ad-hoc trades.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 20, 2026 (timely).
• Trade type: Open-market sales (Code S); total shares sold = 3,865; total proceeds ≈ $594,155.
• Reported holdings after the transactions (per filing footnote): 143,305 shares of common stock, plus 17,204 unvested RSUs and 4,795 PSUs (performance period satisfied for those PSUs). RSUs/PSUs generally vest over time (see footnotes).
• Notable footnotes:
  • F1: Trades were made pursuant to a Rule 10b5-1 plan effective 11/03/2025.
  • F2–F4: Price ranges for aggregate amounts sold by the direct holder are disclosed; the issuer can provide the exact breakdown by price on request.
  • F6–F7: Several performance-based awards (TSR/EBITDA PSUs and Deal Incentive Awards) have vesting/satisfaction dates in future years and will be reported when determined.
• Filing appears timely (filed the business day after the trades).

Context

• Sales under a pre-established 10b5-1 plan are typically routine and structured to avoid trading on inside information; they do not necessarily signal management’s view of the company’s prospects. Purchases are generally more indicative of insider conviction; this filing documents dispositions only.