ICE President Jackson sells 4.7% of holdings under a prearranged plan (NYSE: ICE)

What happened

Benjamin Jackson, president of Intercontinental Exchange, Inc. (NYSE: ICE), sold 7,732 shares of the company's common stock on Nov. 4 and Nov. 5. The sales raised about $1.35 million.

Jackson sold 7,332 shares on Nov. 4 at an average of $175.01 and 400 shares on Nov. 5 at $177.90. The filing puts the Nov. 4 sales in a range of $175.00 to $175.04. Both sales were made under a Rule 10b5-1 trading plan approved and effective as of Nov. 3, 2025.

After the sales, Jackson held 156,532 shares. That total includes 134,533 common shares, 17,204 unvested restricted stock units and 4,795 performance-based units whose performance period has been satisfied, the filing says.

Key numbers

Metric	Latest	Change	Source
Shares sold	7,732 shares		SEC Form 4
Total sale proceeds	$1.35 million		SEC Form 4
Sale price range	$175.01 to $177.90		SEC Form 4
Shares held after the sale	156,532 shares		SEC Form 4
Share of pre-trade holding sold	4.7%		Calculated from SEC Form 4

Read more: Intercontinental Exchange (ICE) company research

Why it matters

Jackson kept most of the position. By OptimistFi's calculation, the sales equal 4.7% of the 164,264 shares held before the trade.

Both sales were reported as held directly. The filing also ticks the box for plans meant to meet the affirmative defense conditions of Rule 10b5-1(c).

Part of the retained position is still vesting. The filing says the restricted and performance units vest over three years, with 33.33% of the units vesting each year.

The plan was approved a year before the first sale. That limits what the trade says about current views on ICE.

OptimistFi has argued that ICE turns exchange infrastructure, market data and workflow software into durable, high-margin cash flow. A planned sale of this size by the president leaves that case unchanged.

Stock perps: every US stock that trades as a perpetual future, by leverage, live

What's next

The next dated items sit in Jackson's performance units. The filing says the shares from the Deal Incentive Awards will not be set until December 2026, December 2027 and December 2028. They will carry further time-based vesting conditions.

Shares under the 2024 three-year total shareholder return and EBITDA units will not be set until February 2027 and will be reported at vesting. A new Form 4 showing further sales after those dates would test the unchanged read.

More from OptimistFi

• ICE stock: research and coverage of Intercontinental Exchange
• Stock research on every company OptimistFi covers

From OptimistFi Perps