Insider trade

Officer sold ~$270K of ICE shares in the open market

Traded Nov 19, 2025 · Filed Nov 21, 2025

~$270K
Reported value · 1,770 sh @ $152.52: 44K
Holds after · shares reported: -1.4%
stock since the trade · S&P 500 +15.3%, $153.65 → $151.47 on Oct 1

Why it stands out

Intercontinental Exchange's General Counsel sold $270K of Intercontinental Exchange shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 19, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 21, 2025

Officer$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$269,960

Shares × reported transaction price

Timing vs results

20 days after results of Oct 30, 2025, 78 days before results of Feb 5, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $153.65 on Nov 19, 2025, 8% above its 52-week low and 18% below its high, after a 4% drop over the previous 30 trading days

52-week range $142.80 (Jan 10, 2025) to $188.45 (Aug 4, 2025), 24% of the way up, from 250 adjusted closes. 30 trading days earlier: $159.37 on Oct 8, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+2.6%	+1.7%	+0.9%
30 days	+6.4%	+3.2%	+3.1%
90 days	+0.8%	+2.0%	-1.3%
180 days	-1.5%	+12.2%	-13.7%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-25-291486
Filed / recorded: Nov 21, 2025, 9:35 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Intercontinental Exchange, Inc.
Issuer CIK: 1571949
Ticker: ICE
Reporting person: Andrew J Surdykowski
Relationship: Officer
Officer title: General Counsel
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 19, 2025
Transaction code: S
Shares / units: 1,770
Price per share: $152.52
Acquired / disposed: Disposed (D)
Shares owned after: 44,212
Ownership form: Direct
Amendment: No

Footnotes from the filing

This transaction was effected pursuant to a Rule 10b5-1 trading plan which was approved and became effective as of November 20, 2024.
The common stock number referred in Table I is an aggregate number and represents 35,318 shares of common stock, 3,141 unvested restricted stock units ("RSUs"), and 5,753 unvested performance based restricted stock units ("PSUs"), for which the performance period has been satisfied. The RSUs and PSUs vest over a three-year period, in which 33.33% of the units vest each year.
The satisfaction of the 2023, 2024 and 2025 three-year total shareholder return PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2026, February 2027 and February 2028, respectively, and will be reported at the time of vesting. The satisfaction of the 2024 and 2025 three-year EBITDA PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027 and February 2028, respectively, and will be reported at the time of vesting.
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.