Insider trade

CEO sold ~$20.1M of ICE shares in the open market

Traded Feb 18, 2026 · Filed Feb 20, 2026

~$20.1M
Reported value · 130K sh @ $154.9968: 1.09M
Holds after · shares reported: -2.4%
stock since the trade · S&P 500 +11.3%, $155.19 → $151.47 on Oct 1

Why it stands out

The boss of Intercontinental Exchange sold $20.1M 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: Feb 18, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 20, 2026

CEO$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$20,139,819

Shares × reported transaction price

Timing vs results

13 days after results of Feb 5, 2026, 71 days before results of Apr 30, 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 $155.19 on Feb 18, 2026, 7% above its 52-week low and 18% below its high, after a 6% drop over the previous 30 trading days

52-week range $145.59 (Nov 3, 2025) to $188.45 (Aug 4, 2025), 22% of the way up, from 251 adjusted closes. 30 trading days earlier: $165.62 on Jan 5, 2026. 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	+6.6%	-0.5%	+7.1%
30 days	+2.0%	-4.9%	+7.0%
90 days	-1.6%	+7.7%	-9.4%
180 days	+2.1%	+11.6%	-9.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-26-059907
Filed / recorded: Feb 20, 2026, 12:23 AM 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: Jeffrey C Sprecher
Relationship: Director, Officer
Officer title: Chief Executive Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Feb 18, 2026
Transaction code: S
Shares / units: 129,937
Price per share: $154.9968
Acquired / disposed: Disposed (D)
Shares owned after: 1,094,923
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 May 30, 2025.
The common stock number referred in Table I is an aggregate number and represents 1,034,643 shares of common stock and 46,016 unvested restricted stock units ("RSUs"), and 14,264 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 2024, 2025 and 2026 TSR PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, respectively, and will be reported at the time of vesting. The satisfaction of the 2024, 2025 and 2026 three-year earnings before interest, taxes, depreciation, and amortization ("EBITDA") PSUs and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2027, February 2028 and February 2029, 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.