Form 4: Intercontinental Exchange Director Judith A. Sprieser Sells Shares Under 10b5-1 Trading Plan

Director Judith A. Sprieser sold 2,255 shares of Intercontinental Exchange, Inc. (ICE) common stock at $169.35 per share on March 7, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Judith A. Sprieser, a director of Intercontinental Exchange, Inc. (ICE), sold 2,255 shares of common stock on March 7, 2025.
• The sale was executed at a price of $169.35 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan, which was approved and became effective on December 6, 2024.
• Following the transaction, Sprieser beneficially owns 23,994 shares, including 22,225 shares of common stock and 1,769 restricted stock units.
• The restricted stock units vest on May 17, 2025.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale by a director under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate executives and directors to sell company stock while avoiding accusations of insider trading.
• Comparable companies such as Nasdaq, CME Group, and London Stock Exchange Group also see insider transactions under similar plans.
• The volume of shares sold is relatively small compared to the total outstanding shares of ICE.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as it is a relatively small transaction by a single director.

Key Dates