ICE CTO Mayur Kapani Exercises Options and Sells Shares

What Happened

• Mayur Kapani, Chief Technology Officer of Intercontinental Exchange, exercised a total of 7,299 option-derived shares on August 12, 2026 (4,271 shares at $67.00 and 3,028 shares at $57.31), paying approximately $459,692 in exercise prices. On the same day he sold 4,271 shares in open-market transactions, generating roughly $645,762 in gross proceeds (sales at about $149.83–$151.78 per share as reported).

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 14, 2026 (timely within the two-business-day requirement).
• Options exercised: 4,271 @ $67.00 (cost $286,157) and 3,028 @ $57.31 (cost $173,535) — total 7,299 shares acquired.
• Shares sold: 400 @ $149.83, 3,771 @ $151.33, 100 @ $151.78 — total 4,271 shares sold for ~$645,762.
• Reporting notes: sales executed under a Rule 10b5-1 trading plan effective Feb 12, 2026 (F1). Report shows derivative conversions/dispositions at $0.00 for the exercised lots (standard reporting of option conversion) (M).
• Shares owned after the transactions (per filing footnotes): 56,779 shares of common stock beneficially owned, plus 8,907 unvested RSUs and 2,302 PSUs; the beneficial-ownership total includes 91 ESPP shares acquired June 30, 2026 (F2, F5).
• Options exercised were fully vested (F8). Price ranges for the aggregate sales are reported (F3, F4); the issuer will provide per-price breakdown on request.

Context

• This was an exercise-plus-sale activity: options were exercised and a portion of the resulting shares were sold the same day — a routine liquidity/cashless exercise pattern often implemented under pre-set 10b5-1 plans. No inference should be drawn about future company performance from routine option exercises or planned sales.