NDAQ insider Jeremy Skule files Form 144 for 2,105-share sale on 10/01/2025

Rhea-AI Filing Summary

Form 144 notice filed for NDAQ. The filer reports a planned sale of 2,105 common shares through Morgan Stanley Smith Barney on 10/01/2025 with an aggregate market value of $185,703.10. These shares were originally issued as performance shares by the issuer on 02/20/2024 and fully paid on the same date. The filing also discloses two prior sales by the same person: 2,105 shares sold on 09/02/2025 for $196,228.10 and 2,105 shares sold on 08/01/2025 for $201,006.45. The seller is identified as Jeremy Skule at the provided address.

Positive

• Securities were granted as performance shares (02/20/2024), indicating compensation alignment with issuer performance
• Broker-dealer identified (Morgan Stanley Smith Barney) and specific sale date provided (10/01/2025), meeting disclosure requirements

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider filing shows scheduled sale of 2,105 NDAQ shares originally granted as performance shares.

The Form 144 indicates a planned off-exchange/transaction through Morgan Stanley Smith Barney for 2,105 common shares valued at $185,703.10, following two recent sales of identical share amounts in August and September 2025. The shares were acquired as performance-based compensation on 02/20/2024. This is a routine Rule 144 notice documenting an insider sale and prior transactions; the form does not state any change in issuer operations or provide additional financial metrics.

Compliance/Risk Analyst

TL;DR: Filing is standard Rule 144 notice with required seller representation and trading-plan disclaimer language.

The document contains the required certification that the seller is not aware of undisclosed material information and notes Rule 10b5-1 plan consideration fields. It lists broker details, acquisition date, nature of acquisition, and prior sales in the last three months. No allegations, regulatory actions, or material adverse facts are disclosed in this filing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2105	185703.10	573795242	10/01/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/20/2024	Performance Shares	ISSUER			2105	02/20/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JEREMY SKULE 151 W. 42nd Street, New York NY 10036	Common	09/02/2025	2105	196228.10
JEREMY SKULE 151 W. 42nd Street, New York NY 10036	Common	08/01/2025	2105	201006.45

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for NDAQ disclose?

The Form 144 discloses a proposed sale of 2,105 common shares through Morgan Stanley Smith Barney on 10/01/2025 with an aggregate market value of $185,703.10.

Who acquired the shares being sold and when were they acquired?

The shares were acquired as performance shares from the issuer on 02/20/2024 and the filing shows the amount acquired as 2,105 shares.

Has the seller previously sold issuer shares recently?

Yes. The filing reports two sales by the same person: 2,105 shares on 09/02/2025 for $196,228.10 and 2,105 shares on 08/01/2025 for $201,006.45.

Who is the seller named in the filing?

The seller is identified as Jeremy Skule with the address provided in the Form 144.

Does the Form 144 indicate any undisclosed material information about the issuer?

No. The filing includes the required representation that the seller does not know any material adverse information about the issuer that has not been publicly disclosed.