Andrew J. Surdykowski - Dec 26, 2023 Form 4 Insider Report for Intercontinental Exchange, Inc. (ICE)

Role
General Counsel
Signature
/s/ Octavia N. Spencer, Attorney-in-fact
Stock symbol
ICE
Transactions as of
Dec 26, 2023
Transactions value $
-$194,754
Form type
4
Date filed
12/28/2023, 04:23 PM
Previous filing
Dec 11, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICE Common Stock Options Exercise $20.8K +500 +1.14% $41.59 44.4K Dec 26, 2023 Direct F1
transaction ICE Common Stock Options Exercise $25K +500 +1.13% $50.01 44.9K Dec 26, 2023 Direct F1
transaction ICE Common Stock Options Exercise $57.3K +1K +2.23% $57.31 45.9K Dec 26, 2023 Direct F1
transaction ICE Common Stock Sale -$298K -2.36K -5.16% $126.00 43.5K Dec 26, 2023 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ICE Employee Stock Option (right to buy) Holding Options Exercise $0 -500 -100% $0.00* 0 Dec 26, 2023 Common Stock 500 $41.59 Direct F4
transaction ICE Employee Stock Option (right to buy) Holding Options Exercise $0 -500 -4.73% $0.00 10.1K Dec 26, 2023 Common Stock 500 $50.01 Direct F4
transaction ICE Employee Stock Option (right to buy) Holding Options Exercise $0 -1K -9.58% $0.00 9.44K Dec 26, 2023 Common Stock 1K $57.31 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of June 8, 2022.
F2 The common stock number referred in Table I is an aggregate number and represents 38,593 shares of common stock and 4,900 unvested performance based restricted stock units, for which the performance period has been satisfied. These performance based restricted stock units vest over a three year period, in which 33.33% of the units vest each year. The satisfaction of the 2023 performance based restricted units tied to earnings before interest, taxes, depreciation, and amortization ("EBITDA") and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2024 and will be reported at the time of vesting. The satisfaction of the 2021, 2022 and 2023 total shareholder return performance based restricted stock units and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2024, February 2025 and February 2026, respectively, and will be reported at the time of vesting.
F3 The satisfaction of the performance based restricted stock units granted as Deal Incentive Awards and the corresponding number of shares to be issued pursuant to these awards, will not be determined until December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.
F4 These options are fully vested.