Form 4: NASDAQ Executive Reports Routine Stock Disposition for Tax Purposes

PC Nelson Griggs, President of Capital Access Platforms at NASDAQ, Inc., reported the disposition of 11,484 shares of common stock at $89.42 per share for tax withholding related to an equity award.

Summary

• PC Nelson Griggs, President of Capital Access Platforms at NASDAQ, Inc. (NDAQ), filed a Form 4.
• The filing reports a transaction on July 1, 2025, involving the disposition of 11,484 shares of NASDAQ Common Stock.
• These shares were withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
• The shares were disposed of at a price of $89.42 per share.
• Following this transaction, PC Nelson Griggs beneficially owns 195,921 shares of NASDAQ Common Stock.
• This beneficial ownership includes 76,193 shares or units of restricted stock (43,191 vested) and 119,728 shares of Common Stock underlying vested Performance Share Units (PSUs).

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing reporting an 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 outlook.

Positives

• The reporting person, PC Nelson Griggs, retains a significant beneficial ownership of 195,921 shares of NASDAQ Common Stock, indicating continued alignment with shareholder interests.
• A substantial portion of the beneficial ownership, 119,728 shares, is derived from vested Performance Share Units (PSUs), suggesting achievement of performance targets.

Negatives

• The transaction involves the disposition of 11,484 shares of common stock, which reduces the direct shareholding of the executive.

Risks

• No specific risks are mentioned in this Form 4 filing, as it primarily reports a routine insider transaction for tax purposes.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it is a historical report of an insider transaction.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation. Such transactions, particularly those involving tax withholding from equity awards, are common across all industries for publicly traded companies and do not typically indicate broader industry trends or competitive shifts.

Comparison to Industry Standards

• This transaction is a standard practice for executives receiving equity-based compensation.
• It aligns with typical industry practices where shares are withheld to cover tax obligations upon the vesting or settlement of equity awards.
• There are no specific comparable companies or projects mentioned in the document to provide a detailed comparison.

Related Party Transactions

• The transaction involves an executive of NASDAQ, Inc. disposing of shares to cover tax obligations related to an equity award from the company. While an insider transaction, it is a standard compensation-related event rather than a unique related-party dealing.

Stakeholder Impact

• Shareholders: The disposition of shares by an executive for tax purposes is a routine event and is unlikely to have a significant direct impact on the broader shareholder base or share price. The executive retains a substantial beneficial ownership, maintaining alignment.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Key Dates

Keywords

NASDAQ, NDAQ, Form 4, Insider Trading, Executive Compensation, Stock Transaction, Tax Withholding, Equity Award, Restricted Stock, Performance Share Units