Form 4: NASDAQ, Inc. Chair and CEO Adena T. Friedman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Adena T. Friedman, Chair and CEO of NASDAQ, Inc., reports changes in beneficial ownership of company stock due to tax withholding and estate planning.
Summary
- Adena T. Friedman, Chair and CEO of NASDAQ, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- The filing reports a transaction on April 3, 2025, where 8,057 shares of common stock were disposed of to cover taxes related to the settlement of an equity award at a price of $78.3 per share.
- Following the transaction, Friedman directly owns 1,924,903 shares of NASDAQ common stock.
- She also indirectly owns 73,500 shares held by The A.T. Friedman Irrevocable Trust No.1 and 73,500 shares held by The A.T. Friedman Irrevocable Trust No.2.
- Friedman also holds options to purchase 306,936 shares at $67.48, vesting on January 3, 2027, and options to purchase 806,451 shares at $22.22, which are currently exercisable.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and personal financial management, and doesn't necessarily reflect a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 01/03/2027 | Date when options to purchase 306,936 shares at $67.48 vest. |
| 01/03/2032 | Expiration date for options to purchase 306,936 shares at $67.48. |
| 04/03/2025 | Date of transaction where 8,057 shares were disposed of for tax withholding. |
| 04/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, NASDAQ, Adena Friedman, Equity Award, Stock Options, Tax Withholding, Irrevocable Trust
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