Kapani Mayur 4
4 · Intercontinental Exchange, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Intercontinental Exchange (ICE) CTO Mayur Kapani Exercises Options, Sells Shares
What Happened
- Mayur Kapani, Chief Technology Officer of Intercontinental Exchange (ICE), exercised 4,271 stock options at $67.00 per share (cost $286,157) on May 14, 2026 and immediately sold the 4,271 shares the same day.
- Sales were executed in two blocks: 2,900 shares at $155.27 (proceeds $450,285) and 1,371 shares at $155.73 (proceeds $213,512), for total gross proceeds of $663,797. The options exercised are fully vested (footnote F7).
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (filed within the normal two-business-day window).
- Exercise: 4,271 shares acquired at $67.00 (total cost $286,157). Dispositions: 2,900 @ $155.27 and 1,371 @ $155.73 (total proceeds $663,797).
- Net cash before taxes/fees (proceeds minus exercise cost): approximately $377,640.
- Shares owned after transaction (per filing footnote F4): 53,660 shares of common stock, plus 8,907 unvested RSUs and 2,302 PSUs for which performance period has been satisfied. RSUs/PSUs vest over time (see F4–F6).
- Sales were made pursuant to a Rule 10b5‑1 trading plan that became effective February 12, 2026 (footnote F1). Footnotes F2–F3 note the price ranges for the aggregated sales and that the issuer can provide per-share price detail on request.
Context
- This was effectively a cashless exercise: options were exercised and the resulting shares were sold the same day. That is a common practice by executives to cover option exercise costs and taxes; it does not by itself indicate management sentiment about the company.
- Options exercised were fully vested (F7). Some performance awards (PSUs/Deal Incentive Awards) have future vesting or performance-determination dates (see F5–F6) and will be reported when they vest.
Insider Transaction Report
Form 4
Kapani Mayur
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-14$67.00/sh+4,271$286,157→ 69,140 total - Sale
Common Stock
[F1][F2]2026-05-14$155.27/sh−2,900$450,285→ 66,240 total - Sale
Common Stock
[F1][F3][F4][F5][F6]2026-05-14$155.73/sh−1,371$213,512→ 64,869 total - Exercise/Conversion
Employee Stock Option (right to buy) Holding
[F7]2026-05-14−4,271→ 10,035 totalExercise: $67.00Exp: 2028-02-08→ Common Stock (4,271 underlying)
Footnotes (7)
- [F1]This transaction was effected pursuant to a Rule 10b5-l trading plan which was approved and became effective as of February 12, 2026.
- [F2]The price range for the aggregate amount sold by the direct holder is $154.60 - $155.59. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.
- [F3]The price range for the aggregate amount sold by the direct holder is $155.62 - $155.96. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.
- [F4]The common stock number referred in Table I is an aggregate number and represents 53,660 shares of common stock, 8,907 unvested restricted stock units ("RSUs"), and 2,302 performance based restricted stock units ("PSUs"), for which the performance period has been satisfied. The RSUs and PSUs vest over a three-year period, in which 33.33% of the units vest each year.
- [F5]The satisfaction of the 2024, 2025 and 2026 three-year total shareholder return ("TSR") PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting. The satisfaction of the 2024, 2025 and 2026 three-year earnings before interest, taxes, depreciation, and amortization ("EBITDA") PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting.
- [F6]The satisfaction of the performance based restricted stock units granted as Deal Incentive Awards and the corresponding number of shares to be issued pursuant to these awards, will not be determined until December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.
- [F7]These options are fully vested.
Signature
/s/ Octavia N. Spencer, Attorney-in-fact|2026-05-18