Form 4: NASDAQ Inc. Executive Bryan Smith Reports Stock Transactions

EVP and CPO of NASDAQ, Inc., Bryan Smith, reports the disposition of shares to cover tax obligations and a sale under a pre-arranged trading plan.

Summary

• Bryan Smith, EVP and CPO of NASDAQ, Inc., reported transactions involving NASDAQ common stock.
• On April 3, 2025, 813 shares were disposed of to cover tax obligations at a price of $78.3 per share.
• On April 4, 2025, 657 shares were sold at a price of $71.81 per share under a Rule 10b5-1(c) trading plan.
• Following these transactions, Smith beneficially owns 62,637 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common among publicly traded companies like NASDAQ. It provides transparency into the trading activities of insiders.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly listed companies.
• Companies like Intercontinental Exchange (ICE) and CME Group also have executives who regularly report stock transactions via Form 4 filings.
• The use of Rule 10b5-1 trading plans is a standard practice to allow insiders to sell shares without concerns about insider trading violations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.
• The filing provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, NASDAQ, Insider Trading, Stock Sale, Beneficial Ownership, Bryan Smith, Executive Compensation, Rule 10b5-1(c)