Insider sales are trivial relative to market cap and carry no bearish signal. The CFO, GC, and a director selling small positions is routine diversification. Monitor next quarter's 8-K for any business update but no immediate action warranted.
Price Chart
Executive Summary
Three insiders at ICE sold a total of ~$788K in open-market sales over a 7-day window. The largest sale ($390K) came from CFO Warren Gardiner on May 19, followed by General Counsel Surdykowski ($297K) and Director Sharon Bowen ($101K). Relative to ICE's $84.7B market cap, the aggregate sales represent <0.001% — a trivial amount that is routine portfolio diversification, not a bearish signal.
Key Financial Metrics
Key Facts
- CFO Warren Gardiner sold 2,500 shares at ~$156.64 for ~$390K on 2026-05-19
- General Counsel Andrew Surdykowski sold 1,965 shares at ~$150.97 for ~$297K on 2026-05-26 (also exercised derivative shares at $57.31 the same day, a non-cash event)
- Director Sharon Bowen sold 667 shares at ~$151.28 for ~$101K on 2026-05-22
- Total cluster dollar value: ~$788K, representing less than 0.001% of ICE's $84.7B market cap
Financial Impact
Sales total ~$788K, immaterial relative to $84.7B market cap
Risk Factors
- No material risk from this cluster — sales are sub-0.001% of market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ICE-1780000244314 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | Insider Cluster | $164.59 $157.40 | ▼ −4.37% | ▼ −3.22% | $149.81 (−8.98%) |
Aug 28, 2026 5w ago | Insider Cluster | $162.33 $161.26 | ▼ −0.66% | ▼ −0.77% | $149.81 (−7.71%) |
Aug 24, 2026 5w ago | Insider Cluster | $162.99 $160.70 | ▼ −1.41% | ▼ −1.87% | $149.81 (−8.09%) |
Aug 21, 2026 6w ago | 8-K | $161.25 $162.33 | ▲ +0.67% | ▲ +0.20% | $149.81 (−7.09%) |
Aug 21, 2026 6w ago | Insider Cluster | $161.25 $162.33 | ▲ +0.67% | ▲ +0.20% | $149.81 (−7.09%) |
Aug 20, 2026 6w ago | 8-K | $161.25 $162.33 | ▲ +0.67% | ▲ +0.20% | $149.81 (−7.09%) |
Aug 17, 2026 6w ago | Insider Cluster | $154.31 $162.49 | ▲ +5.30% | ▲ +6.49% | $149.81 (−2.92%) |
Aug 14, 2026 7w ago | Insider Cluster | $154.73 $161.22 | ▲ +4.20% | ▲ +5.56% | $149.81 (−3.18%) |
Aug 11, 2026 7w ago | 424B5 | $151.25 $156.18 | ▲ +3.26% | ▲ +3.66% | $149.81 (−0.95%) |
Jul 30, 2026 9w ago | DEFA14A | $156.27 $149.75 | ▼ −4.17% | ▼ −7.80% | $149.81 (−4.13%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access