Martin Lynn C 4

What Happened

• Lynn C. Martin, President of the NYSE Group at Intercontinental Exchange, exercised 15,882 stock options at $57.31 per share (cost $910,197) on July 16, 2026, and sold the same 15,882 shares in open-market transactions that generated aggregate gross proceeds of $2,241,714. The net cash before fees and taxes was roughly $1.33M (proceeds minus exercise cost). This pattern (exercise followed by sale) is a routine monetization of vested options rather than a new share purchase.

Key Details

• Transaction date: July 16, 2026.
• Exercise: 15,882 shares at $57.31 per share (total cost $910,197); options are fully vested (Footnote F10).
• Sales: 15,882 shares sold across multiple trades at prices ranging roughly $139.75–$142.30 (aggregate proceeds $2,241,714; see F3–F6 for price-range breakdowns).
• Beneficial ownership after transaction (per filing notes): the reported holdings represent 41,499 shares of common stock plus 9,805 unvested RSUs and 3,116 PSUs (performance period satisfied for those PSUs) — see Footnote F7. The beneficial-ownership total also includes 101 shares acquired under the company ESPP on 6/30/2026 (F2).
• Trading plan: sales were effected pursuant to a Rule 10b5-1 trading plan effective May 29, 2025 (F1).
• Filing timeliness: no late filing flag indicated.

Context

• This was effectively a same-day exercise-and-sell (often called a cashless exercise/net sale): Martin exercised vested options and sold the resulting shares. The filing also shows a derivative-related disposition at $0.00 (common in option settlements or net share settlement for tax/withholding). The sale was executed under a pre-established 10b5-1 plan, which is designed to allow programmed trading while limiting potential claims of opportunistic insider timing.