Insider Cluster (2 insiders) ·Filed Feb 20, 2026

ICE

Intercontinental Exchange, Inc.
NEUTRAL
Impact 4/10
Horizondays Processed7mo ago
Insider cluster: 2 insiders, $1.1M total
Actionable Insight • Neutral

The level of selling is small relative to company size and consistent with routine portfolio management. No immediate concern, but monitor for follow-up transactions ahead of earnings or strategic announcements.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
ICE ▲ +1.29% at T+60d
NEUTRAL call ✓ call won +1.29% · α vs SPY -5.85% · entry $153.92 → $155.90
Entry anchored
Feb 19, 03:59 PM ET
via exchange tick
T+1d
+0.07%
call +0.07% · α +1.07%
$154.02
settled 7mo ago
T+5d
+6.63%
call +6.63% · α +7.08%
$164.13
settled 7mo ago
T+20d
+2.92%
call +2.92% · α +8.88%
$158.42
settled 7mo ago
T+60d
+1.29%
call +1.29% · α -5.85%
$155.90
settled 5mo ago

Price Chart

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Executive Summary

Intercontinental Exchange (ICE) President Jackson Benjamin sold $637,725 worth of shares in an open-market transaction, while General Counsel Andrew Surdykowski exercised stock options for 2,065 shares. The sale by a C-suite executive represents the only open-market disposition in the cluster.

Key Financial Metrics

Direction
selling
Total Value
$637.7K
Insiders
2

Key Facts

  • President Jackson Benjamin sold 3,865 shares at $165 per share for a total of $637,725 in an open-market transaction.
  • General Counsel Andrew Surdykowski exercised derivative securities (options) for 2,065 shares at a strike price of $57.31, resulting in a paper gain; no open-market sale was reported.
  • The total open-market sale value ($637,725) represents approximately 0.0007% of ICE's $93.6B market cap — well below the 0.1% threshold for materiality.
  • No other C-suite or board members participated in the cluster.

Financial Impact

$637,725 in open-market selling by a C-suite executive; derivative exercise is a non-cash event with no direct financial impact.

insider ownershippotential dilution (minimal)

Risk Factors

  • Perception risk from C-suite selling, even if minimal in magnitude.
  • Potential for follow-on selling if other insiders act similarly.

Market Snapshot

Exchange
NYSE
Analyst Consensus
81% bullish (21 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)cluster-ICE-1772573612547
18 reports for ICE
Performance horizon
75% Hit rate 3 of 4 directional calls best @ T+20▲ +3.13%Jul 30, 2026
Filters
Rows
Reports for ICE — sortable, filterable
TypeNow
Sep 3, 2026
29d ago
Insider Cluster
NEUTRAL ★ 2/10
$164.59 $157.40▼ −4.37%▼ −3.22%$149.81 (−8.98%)
Aug 28, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$162.33 $161.26▼ −0.66%▼ −0.77%$149.81 (−7.71%)
Aug 24, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$162.99 $160.70▼ −1.41%▼ −1.87%$149.81 (−8.09%)
Aug 21, 2026
6w ago
8-K
NEUTRAL ★ 5/10
$161.25 $162.33▲ +0.67%▲ +0.20%$149.81 (−7.09%)
Aug 21, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$161.25 $162.33▲ +0.67%▲ +0.20%$149.81 (−7.09%)
Aug 20, 2026
6w ago
8-K
NEUTRAL ★ 4/10
$161.25 $162.33▲ +0.67%▲ +0.20%$149.81 (−7.09%)
Aug 17, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$154.31 $162.49▲ +5.30%▲ +6.49%$149.81 (−2.92%)
Aug 14, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$154.73 $161.22▲ +4.20%▲ +5.56%$149.81 (−3.18%)
Aug 11, 2026
7w ago
424B5
MIXED ★ 6/10
$151.25 $156.18▲ +3.26%▲ +3.66%$149.81 (−0.95%)
Jul 30, 2026
9w ago
DEFA14A
BULLISH ★ 7/10
$156.27 $149.75▼ −4.17%▼ −7.80%$149.81 (−4.13%)
Showing 10 of 18

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Report published Mar 3, 2026