Form 4: NASDAQ Executive Vice President Bryan Smith Sells Shares Under 10b5-1 Plan

Bryan Everard Smith, an Executive Vice President at NASDAQ, Inc., sold 3,036 shares of common stock at $59.89 per share on May 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 1, 2024, Bryan Everard Smith, an Executive Vice President at NASDAQ, Inc., sold 3,036 shares of NASDAQ common stock.
• The sale was executed at a price of $59.89 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan.
• Following the transaction, Smith directly owns 58,636 shares of NASDAQ common stock.
• This total includes vested and unvested restricted stock, shares underlying Performance Share Units (PSUs), and shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock sale. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Executive stock sales are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan suggests the sale was arranged in advance.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates