Form 4: NASDAQ EVP Skule Reports Routine Stock Tax Withholding

NASDAQ Executive Vice President Jeremy Skule reported a disposition of 4,127 shares of common stock for tax withholding purposes at $90.22 per share.

Summary

• Jeremy Skule, Executive Vice President and Chief Strategy Officer (EVP, CSO) of NASDAQ, Inc. (NDAQ), reported a transaction on December 6, 2025.
• The transaction involved the disposition of 4,127 shares of NASDAQ Common Stock, par value $0.01 per share, at a price of $90.22 per share.
• This disposition was for shares withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
• Following this transaction, Jeremy Skule beneficially owns 78,742 shares of NASDAQ Common Stock.
• The beneficial ownership includes 33,495 shares or units of restricted stock (9,116 vested), 41,528 shares underlying vested Performance Share Units (PSUs), and 3,719 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

This filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) reporting the disposition of shares for tax withholding purposes, which is a common occurrence when equity awards vest for executives across various industries. It does not reflect a discretionary sale or provide insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a discretionary sale by an executive.

Key Dates

Keywords

NASDAQ, NDAQ, Insider Transaction, Form 4, Equity Award, Tax Withholding, Executive Compensation, Jeremy Skule