Foley Douglas 4

What Happened
Douglas Foley, Senior Vice President, HR & Administration at Intercontinental Exchange (ICE), sold 1,600 shares of ICE common stock in an open-market transaction on March 9, 2026. The shares were sold at $164.96 each for total proceeds of $263,936. The Form 4 reports the sale was effected under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: March 9, 2026 (reported on Form 4 filed March 11, 2026). Filing appears timely (within the Form 4 reporting window).
• Transaction type/code: Sale (S) — open market.
• Price and value: 1,600 shares at $164.96 per share, total $263,936.
• Holdings reported on the Form: an aggregate of 21,831 shares of common stock plus 3,472 unvested RSUs and 959 PSUs (total aggregate units = 26,262).
• Notable footnotes:
  • The sale was made pursuant to a Rule 10b5-1 trading plan that became effective November 7, 2025 (F1).
  • RSUs vest over three years (33.33% each year) and certain PSUs/deal incentive awards have future vesting/satisfaction dates that will be reported when determined (F2–F4).

Context
This was a sale under a 10b5-1 plan (pre-arranged), which is typically considered routine and reduces the implication that the insider traded on undisclosed, material information. Sales do not signal the same level of insider conviction as purchases; retail investors often view pre-planned sales as liquidity or diversification actions rather than a direct statement about company prospects.