Form 4: NASDAQ CFO Sells Shares for Tax Obligations

NASDAQ's EVP & CFO, Sarah Youngwood, disposed of 16,506 shares of common stock at $90.22 per share to cover tax obligations related to an equity award settlement.

Summary

• Sarah Youngwood, Executive Vice President and Chief Financial Officer of NASDAQ, Inc. (NDAQ), reported a transaction on December 6, 2025.
• The transaction involved the disposition of 16,506 shares of NASDAQ common stock.
• These shares were withheld for taxes at a price of $90.22 per share, in connection with the settlement of a previously granted equity award under the Issuer's Equity Incentive Plan.
• Following this transaction, Ms. Youngwood beneficially owns 59,291 shares of NASDAQ common stock.
• Her beneficial ownership includes 58,969 shares or units of restricted stock (13,341 of which are vested) and 322 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a common occurrence and does not indicate a positive or negative change in company fundamentals or outlook.

Stakeholder Impact

• This is a routine insider transaction for tax purposes and is not expected to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares for tax withholding related to an equity award. Such transactions are common for executives and do not typically signal a change in the company's fundamental performance or future prospects. Therefore, it provides no new information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

NASDAQ, NDAQ, Form 4, Insider Transaction, Share Disposition, CFO, Equity Award, Tax Withholding