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

Jeremy Skule, an Executive Vice President at Nasdaq, sold 12,075 shares of common stock at a weighted average price of $78.75 per share on November 18, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jeremy Skule, an Executive Vice President at Nasdaq, sold 12,075 shares of Nasdaq common stock on November 18, 2024.
• The sale was executed under a pre-arranged 10b5-1 trading plan.
• The shares were sold at a weighted average price of $78.75, with individual transaction prices ranging from $78.36 to $79.20.
• Following the transaction, Skule beneficially owns 102,505 shares, including vested RSUs, vested PSUs, and shares purchased through the Employee Stock Purchase Plan.

Sentiment

Score: 5

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

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.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders who trade company stock.
• The use of a 10b5-1 trading plan is a common method for executives to sell shares while avoiding accusations of insider trading.
• The reported price range and weighted average price are typical for market transactions of this nature.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's overall performance.

Key Dates

Keywords

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