Form 4: Nasdaq Executive Vice President John Zecca Sells 11,000 Shares

Executive Vice President John Zecca of Nasdaq, Inc. sold 11,000 shares of common stock on September 12, 2024, at a weighted average price of $71.97 per share, according to a Form 4 filing with the SEC.

Summary

• On September 12, 2024, John Zecca, an Executive Vice President at Nasdaq, Inc., sold 11,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $71.97 per share, with individual transactions ranging from $71.74 to $72.25.
• The transaction was conducted under a Rule 10b5-1 trading plan.
• Following the sale, Zecca directly owns 113,263 shares.
• This total includes 17,091 shares or units of restricted stock (0 vested) and 96,172 shares underlying PSUs (all vested).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive 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 related to personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the relatively small number of shares sold and the use of a 10b5-1 plan.

Key Dates