Form 4: NASDAQ Executive Tal Cohen Reports Changes in Beneficial Ownership

Tal Cohen, President of Market Platforms at NASDAQ, reports acquisition and disposal of NASDAQ, Inc. common stock and restricted stock units.

Summary

• Tal Cohen, President of Market Platforms at NASDAQ, filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, Cohen acquired 15,781 shares of common stock through Restricted Stock Units (RSUs) and an additional 46,028 shares of common stock through RSUs.
• Also on April 1, 2025, Cohen disposed of 11,961 shares of common stock at a price of $75.86 per share to cover tax obligations related to the settlement of a previous equity award.
• Following these transactions, Cohen beneficially owns 193,306 shares of NASDAQ, Inc.
• This total includes 125,566 shares or units of restricted stock (39,527 vested), 66,435 shares underlying PSUs (all vested), and 1,305 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to equity compensation and tax obligations. The acquisition of shares is a slightly positive signal, offset by the disposal for tax purposes.

Positives

• The acquisition of additional shares through RSU grants indicates confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the executive's holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders' perception of management's confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Tal Cohen, NASDAQ, NDAQ, Restricted Stock Units, RSUs, Equity Incentive Plan, President Market Platforms