Form 4: NASDAQ Executive Sells Shares Under Pre-Arranged Trading Plan

NASDAQ's EVP and Chief Strategy Officer, Jeremy Skule, sold 1,053 shares of common stock for $83.28 per share on June 2, 2025, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Jeremy Skule, the Executive Vice President and Chief Strategy Officer (EVP, CSO) of NASDAQ, Inc. (NDAQ), reported a sale of company common stock.
• On June 2, 2025, Mr. Skule sold 1,053 shares of NASDAQ common stock at a price of $83.28 per share.
• The transaction was executed pursuant to a Rule 10b5-1(c) trading plan, which was adopted on February 10, 2025.
• Following this transaction, Mr. Skule beneficially owns a total of 98,542 shares of NASDAQ common stock.
• His beneficial ownership includes 43,876 shares or units of restricted stock (of which 9,754 are vested), 51,270 shares of Common Stock underlying vested Performance Share Units (PSUs), and 3,396 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be perceived negatively, the fact that it was conducted under a pre-established Rule 10b5-1 plan mitigates any negative implications, as it suggests a planned financial event rather than a reaction to new, non-public information.

Positives

• The sale was conducted under a Rule 10b5-1(c) trading plan, indicating a pre-scheduled transaction rather than a discretionary sale based on new, non-public information, which enhances transparency.

Negatives

• An executive sold 1,053 shares of company stock, which, despite being pre-planned, could be interpreted by some investors as a slight negative signal regarding insider confidence.

Future Outlook

NA

Industry Context

This document reports a routine insider transaction for NASDAQ, Inc., which is a standard disclosure for publicly traded companies. It does not provide information directly related to broader industry trends or competitive landscape beyond the specific company's stock activity.

Stakeholder Impact

• Shareholders: May view the sale as a routine, pre-planned event, given the 10b5-1 plan, rather than a signal of declining confidence, thus having a minimal direct impact on their investment decisions.

Key Dates

Recommendation

Keywords

NASDAQ, NDAQ, insider trading, Form 4, executive compensation, stock sale, Jeremy Skule, 10b5-1 plan