Form 4: Intercontinental Exchange Director Sells Shares Under Pre-Arranged Trading Plan

Intercontinental Exchange, Inc. Director Sharon Bowen sold 795 shares of common stock on July 1, 2025, as part of a pre-approved Rule 10b5-1 trading plan.

Summary

• Sharon Bowen, a Director of Intercontinental Exchange, Inc. (ICE), executed a sale of 795 shares of common stock.
• The transaction occurred on July 1, 2025, at a price of $183.3 per share.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan, which was approved and became effective on March 7, 2025.
• Following this transaction, Ms. Bowen beneficially owns an aggregate of 15,000 shares of Intercontinental Exchange, Inc. common stock.
• The 15,000 shares beneficially owned consist of 13,667 shares of common stock and 1,333 restricted stock units (RSUs).
• The restricted stock units are scheduled to vest on May 16, 2026, which is the one-year anniversary of their grant date.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a pre-planned insider stock sale, which is neutral in sentiment as presented. The transaction being under a 10b5-1 plan suggests it is not a discretionary sale based on new information.

Future Outlook

The document indicates that 1,333 restricted stock units held by the director are scheduled to vest on May 16, 2026.

Industry Context

This filing is a standard disclosure of an insider transaction for a financial exchange and data services company. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may interpret insider sales, even pre-planned ones, as a signal regarding management's view of the company's valuation or future prospects, though a 10b5-1 plan mitigates the immediate signaling effect.

Next Steps

• Vesting of 1,333 restricted stock units on May 16, 2026.

Key Dates

Keywords

Intercontinental Exchange, ICE, Sharon Bowen, Director, Insider Trading, Form 4, SEC Filing, Stock Sale, Rule 10b5-1, Equity Securities, Restricted Stock Units