[Form 4] Intercontinental Exchange Inc. Insider Trading Activity

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Insider sales under pre-set plan: Director Judith A. Sprieser reported three separate dispositions of Intercontinental Exchange (ICE) common stock executed under a Rule 10b5-1 trading plan that became effective June 5, 2025. The reported transactions sold 1,500, 1,100 and 300 shares at reported price ranges between $173.43 and $175.88 per share, reducing her direct holdings to an aggregate 18,169 shares (which consists of 16,695 common shares and 1,474 restricted stock units).

The restricted stock units will vest on May 16, 2026. The filing states the issuer can provide detailed per-trade price information on request, and the transactions were reported by an attorney-in-fact on the reporting person鈥檚 behalf.

Insights

TL;DR: Director sold a small portion of holdings via an approved 10b5-1 plan; transactions appear routine and pre-scheduled.

The aggregate sale of 2,900 shares represents a partial, orderly disposition executed under a Rule 10b5-1 plan approved June 5, 2025. Reported price bands span roughly $173.43 to $175.88, and the filing discloses that the director retains 16,695 common shares plus 1,474 RSUs. From a market-impact perspective, these transactions are procedural and lack indications of ad hoc opportunistic timing because they were executed pursuant to a documented trading plan. Impact to ICE equity outstanding and liquidity is immaterial based on reported volumes here.

TL;DR: The sale follows an approved 10b5-1 plan and includes RSU disclosure, reflecting proper governance and disclosure practices.

The filing clearly indicates the trades were made pursuant to a Rule 10b5-1 trading plan, which provides an affirmative defense to insider trading allegations when properly structured. The report also separates common shares and restricted stock units and states the RSU vesting date of May 16, 2026, satisfying transparency expectations for insider reporting. The use of an attorney-in-fact for execution and the issuer's offer to provide per-trade pricing upon request are consistent with thorough compliance and disclosure norms.

09/08/2025 - 04:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SPRIESER JUDITH A

(Last)

(First)

(Middle)

5660 NEW NORTHSIDE DRIVE

(Street)

ATLANTA

30328

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Intercontinental Exchange, Inc. [ ICE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/04/2025		S		1,500⁽¹⁾	D	$174.0653⁽²⁾	19,569	D
Common Stock	09/04/2025		S		1,100⁽¹⁾	D	$174.7844⁽³⁾	18,469	D
Common Stock	09/04/2025		S		300⁽¹⁾	D	$175.75⁽⁴⁾	18,169⁽⁵⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of June 5, 2025.

2. The price range for the aggregate amount sold by the direct holder is $173.43 - $174.42. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.

3. The price range for the aggregate amount sold by the direct holder is $174.44 - $175.34. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.

4. The price range for the aggregate amount sold by the direct holder is $175.49 - $175.88. The Issuer will upon request by the Staff of the U.S. Securities and Exchange Commission or a security holder of the Issuer provide the full information regarding the number of shares sold at each separate price.

5. The common stock number referred in Table I is an aggregate number and represents 16,695 shares of common stock and 1,474 restricted stock units of the Issuer. The restricted stock units vest on the one-year anniversary of the grant date, which is May 16, 2026.

	/s/ Octavia N. Spencer, Attorney-in-fact	09/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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