Kapani Mayur 4

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.