Mayur Kapani, Chief Technology Officer of Intercontinental Exchange, Inc., filed a Form 4 on August 14, 2026, reporting multiple transactions in the company's common stock and the exercise of employee stock options on August 12, 2026.

Key Highlights

  • Option exercises: Kapani exercised 4,271 employee stock options at $67.00 per share and 3,028 options at $57.31 per share, both fully vested, on August 12, 2026.
  • Shares sold: A total of 4,271 shares were sold across three transactions at weighted average prices of $149.8286, $151.3268, and $151.78 per share.
  • Rule 10b5-1 plan: The sales were effected pursuant to a Rule 10b5-1 trading plan approved and effective as of February 12, 2026, according to the filing.
  • Remaining ownership: Following all reported transactions, Kapani directly beneficially owned 67,988 shares, comprising 56,779 shares of common stock, 8,907 unvested restricted stock units, and 2,302 performance-based restricted stock units for which the performance period has been satisfied.
  • Outstanding options: After the exercises, 5,764 employee stock options (at an exercise price of $67.00, expiring February 8, 2028) remain, with no options remaining at the $57.31 exercise price.
  • PSU determinations pending: The satisfaction and share counts for 2024, 2025, and 2026 TSR and EBITDA PSUs will not be determined until February 2027, February 2028, and February 2029, respectively, and will be reported at vesting.

Kapani's August 2026 Option Exercises and Share Sales at Intercontinental Exchange

According to the filing, Mayur Kapani, serving as Chief Technology Officer of Intercontinental Exchange, Inc. (NYSE:ICE), executed a series of transactions on August 12, 2026. He exercised two tranches of fully vested employee stock options: 4,271 options with an exercise price of $67.00 per share, and 3,028 options with an exercise price of $57.31 per share, acquiring shares in each case through code "M" transactions.

Concurrent with those exercises, the filing reports that Kapani disposed of 400 shares at a weighted average price of $149.8286 (with a price range of $149.55 to $150.25), 3,771 shares at a weighted average price of $151.3268 (with a price range of $150.76 to $151.71), and 100 shares at $151.78 per share. All three sales were carried out under the Rule 10b5-1 trading plan that became effective February 12, 2026. The filing notes that full information on shares sold at each separate price is available to the SEC staff or Issuer security holders upon request.

The filing also notes that 91 shares included in Kapani's beneficial ownership were acquired under the Intercontinental Exchange, Inc. Employee Stock Purchase Plan on June 30, 2026. Separately, the filing discloses pending performance-based awards: Deal Incentive Award PSUs whose satisfaction will not be determined until December 2026, December 2027, and December 2028, and which are subject to additional time-based vesting conditions and, where applicable, a subsequent one-year holding period.

What Was Disclosed

The Form 4 filed August 14, 2026, reports that ICE's Chief Technology Officer exercised a combined 7,299 employee stock options and sold 4,271 shares of common stock on August 12, 2026, under an existing Rule 10b5-1 plan, leaving direct beneficial ownership of 67,988 shares.