Surdykowski Andrew J 4

What Happened
Andrew J. Surdykowski, General Counsel of Intercontinental Exchange, exercised options to acquire 2,065 shares at $57.31 per share (cost ≈ $118,345) on February 26, 2026. On the same day he sold 4,571 shares in two open-market transactions for aggregate proceeds of about $740,524 (3,099 shares and 1,472 shares). He also gifted 200 shares to a philanthropic organization the same day.

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely filing).
• Option exercise: 2,065 shares acquired at $57.31 each (≈ $118,345).
• Open-market sales: 3,099 shares at $161.71 (≈ $501,144) and 1,472 shares at $162.62 (≈ $239,380); total ≈ $740,524. Price ranges for the aggregated sales are reported in footnotes as $161.37–$162.22 and $162.42–$162.87.
• Gift: 200 shares donated to a philanthropic organization (no proceeds).
• Shares owned after transaction (reported aggregate): 40,807 shares of common stock plus 5,734 unvested RSUs and 1,440 PSUs for which the performance period has been satisfied (see footnotes for vesting schedules and outstanding performance awards).
• Notable footnotes: the sales were effected pursuant to a Rule 10b5-1 trading plan effective Nov 25, 2025; price breakdowns for the sales are available on request; certain PSUs/awards vest and will be reported when satisfied. Options involved are reported as fully vested.

Context
This filing shows an option exercise coupled with contemporaneous open-market sales and a charitable gift. The exercise and sales were carried out under a pre-established 10b5-1 trading plan (per footnote), which is a common mechanism executives use to schedule trades in advance. Gifts to charity are not indicative of market sentiment. The filing is factual reporting of transactions and does not by itself reveal the insider’s motivations.