Intercontinental Exchange (ICE) President Jackson Benjamin Sells 12,862 Shares

What Happened
Jackson Benjamin, President of Intercontinental Exchange, exercised stock options and immediately sold the resulting shares on September 1, 2026. He exercised two option conversions of 6,431 shares each (total 12,862 shares) at $57.31 per share (aggregate exercise cost ≈ $737,122). He sold those 12,862 shares in three open‑market trades for total proceeds of about $2,059,064: 5,020 shares @ $159.68 ($801,611), 6,242 shares @ $160.17 ($999,771), and 1,600 shares @ $161.05 ($257,682). The transactions were effected pursuant to a Rule 10b5‑1 trading plan.

Key Details

• Transaction date: September 1, 2026 (Form 4 filed September 3, 2026; timely filing).
• Exercise: 2 × 6,431 shares at $57.31 each (acquired) — total 12,862 shares; options noted as fully vested (F9).
• Sales: 12,862 shares sold in three trades at $159.68, $160.17 and $161.05 (total proceeds ≈ $2.06M). Price ranges for the aggregated sales reported by the holder: $158.80–$159.78 (F3), $159.80–$160.59 (F4), $160.89–$161.29 (F5).
• Shares owned after transaction: aggregate reporting shows 142,265 shares of common stock beneficially owned, plus 17,204 unvested RSUs and 4,795 PSUs for which the performance period has been satisfied (F6). The beneficial‑ownership total includes 101 shares from the ESPP (F2).
• Plan/notes: Sales were made under a 10b5‑1 plan effective Nov 3, 2025 (F1). Two derivative entries with $0.00 indicate conversion/settlement of the exercised options (standard reporting detail).

Context

• This was an exercise-followed-by-sale (a cashless exercise): Benjamin exercised options and sold the shares the same day, converting option value to cash. Such transactions are often routine for option holders and do not necessarily signal a change in company outlook.
• The options were fully vested (F9). The filing appears timely (filed within the Form 4 deadline).
• Footnotes F6–F8 describe the composition and vesting/timing of other restricted and performance awards and future vesting reporting; these do not change the immediate transaction facts above.