ICE CEO Jeffrey Sprecher Has Sold $777 Million in Stock — Including $43 Million in February 2026
Intercontinental Exchange CEO Jeffrey Sprecher sold 280,000 shares worth $43 million on February 18, 2026, continuing a systematic selling program that has totaled $777 million across 1,901 transactions.
Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE), sold approximately 280,000 shares on February 18, 2026 for roughly $43 million at $155 per share. The sale continues a two-decade selling program that has now totaled $777 million across 1,901 insider transactions, making Sprecher one of the most consistent CEO sellers among major exchange operators.
The Numbers
| Metric | Value |
|---|---|
| Career Sell Value | $777 million |
| Total Transactions | 1,901 |
| First Transaction | Nov 21, 2005 |
| Last Transaction | Feb 18, 2026 |
| Shares Remaining | 1,651,705 |
| Career Buy Value | $0 |
Recent Activity
| Date | Type | Shares | Price | Est. Value |
|---|---|---|---|---|
| Feb 18, 2026 | Sell | 150,000 | $155.00 | $23.2M |
| Feb 18, 2026 | Sell | 129,937 | $155.00 | $20.1M |
| Feb 18, 2026 | Exercise | 50,766 | $67.00 | — |
| Feb 17, 2026 | Tax | 6,459 | $152.28 | $984K |
| Nov 19, 2025 | Sell | 89,361 | $153.40 | $13.7M |
| Nov 19, 2025 | Sell | 60,639 | $152.62 | $9.3M |
| Aug 12, 2025 | Sell | 124,690 | $182.94 | $22.8M |
Sprecher's February 2026 filing is a classic exercise-and-sell: he exercised 50,766 stock options at $67 per share and immediately sold approximately 280,000 shares at $155, netting roughly $43 million before taxes. This follows a November 2025 sale of 150,000 shares at $153 ($23 million) and an August 2025 sale of 142,000 shares at $183 ($26 million). The selling cadence has been consistent — roughly quarterly — for the past year.
What It Means
Sprecher founded Intercontinental Exchange in 2000 and built it into one of the world's largest exchange operators, completing the landmark NYSE acquisition in 2013. His $777 million in career sales represents systematic monetization through what appears to be a structured 10b5-1 trading plan — the quarterly cadence and exercise-then-sell pattern are hallmarks of pre-arranged dispositions. With 1.65 million shares remaining (worth approximately $256 million at current prices), Sprecher has liquidated a significant portion of his original stake but retains meaningful alignment with shareholders. ICE's stock has been a steady compounder, roughly tripling over the past five years, which has made Sprecher's systematic selling program exceptionally profitable on a per-share basis.
What to Watch
- Whether Sprecher's quarterly selling pace accelerates — three large sales in six months is above his historical average
- ICE's expanding data services and mortgage technology businesses, which have driven the stock's re-rating and may influence insider confidence
- Any changes to Sprecher's ICE 10b5-1 plan disclosures, which public companies are now required to detail under updated SEC rules
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