The insider selling is too small to convey a meaningful signal. Monitor the pending MarketAxess acquisition for any insider activity that is material relative to market cap. No trade recommendation based on this cluster.
Price Chart
Executive Summary
Three ICE insiders (President, General Counsel, and a Director) sold a combined $1.66M in open-market shares over a 2-day window. The total is less than 0.002% of ICE's $88.6B market cap, making this a routine, immaterial cluster. Derivative exercises also occurred but are non-cash events. The selling is not informative given the trivial dollar amounts relative to company size.
Key Financial Metrics
Key Facts
- President Jackson Benjamin sold 5,000 shares at $159.68 for $802K
- General Counsel Andrew Surdykowski sold 4,000 shares at $161.67 for $642K
- Director Martha Tirinnanzi sold 1,340 shares at $161.16 for $216K
- Total open-market sales: $1.66M, representing ~0.002% of market cap
- Derivative exercises by Edmonds and Jackson were non-cash or small cash exercises, not open-market transactions
- Cluster occurred 14 days after ICE announced $3.5B in incremental acquisition financing for the MarketAxess deal
Financial Impact
Total insider sales of $1.66M are negligible relative to $88.6B 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-1788506218147 |
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
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