Form 4: Nasdaq Executive Vice President Sells 11,820 Shares Under 10b5-1 Plan

Bradley J. Peterson, an Executive Vice President at Nasdaq, Inc., sold 11,820 shares of common stock at a weighted average price of $79.58 on November 13, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Bradley J. Peterson, an Executive Vice President at Nasdaq, Inc., sold 11,820 shares of Nasdaq common stock on November 13, 2024.
• The sale was executed at a weighted average price of $79.58 per share.
• The shares were sold under a pre-arranged trading plan that satisfies the affirmative defense conditions of Rule 10b5-1(c).
• The sale was part of multiple transactions with prices ranging from $79.42 to $79.75.
• Following the transaction, Peterson beneficially owns 131,010 shares of Nasdaq common stock.
• This includes 85,038 shares of restricted stock (36,806 vested), 41,294 vested shares underlying PSUs, and 4,678 shares purchased under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares under pre-arranged 10b5-1 plans to avoid accusations of trading on inside information. The sale does not appear to be related to any specific company event or news.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, and the use of 10b5-1 plans is a standard practice to ensure compliance with insider trading regulations.
• Comparable companies such as the NYSE or CBOE would have similar filings when their executives sell shares.
• The volume of shares sold is not unusual for an executive of this level.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-arranged nature of the transaction.

Key Dates

Keywords

insider trading, Form 4, Nasdaq, stock sale, 10b5-1 plan, executive, equity securities