Form 4: NASDAQ Executive Vice President Bryan Smith Sells 3,500 Shares

Bryan Everard Smith, an Executive Vice President at NASDAQ, Inc., sold 3,500 shares of common stock at a price of $81.56 per share on February 3, 2025, according to a Form 4 filing with the SEC.

Summary

• On February 3, 2025, Bryan Everard Smith, an Executive Vice President at NASDAQ, Inc., sold 3,500 shares of the company's common stock.
• The sale was executed at a price of $81.56 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1(c) trading plan adopted on September 5, 2024.
• Following the sale, Smith directly owns 55,576 shares of NASDAQ common stock.
• This total includes 19,646 shares or units of restricted stock (3,465 vested), 31,630 shares underlying PSUs (all vested), and 4,300 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders. This sale by a NASDAQ executive is a normal course event and doesn't necessarily indicate a change in the company's outlook.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the relatively small number of shares involved and the pre-planned nature of the transaction.

Key Dates