Nasdaq officer Tal Cohen proposes $1.07M share sale

The notice identifies two April 1, 2025 restricted-stock lots of 973 and 9,417 shares.

Rhea-AI Filing Summary

Nasdaq, Inc. officer Tal Cohen gave notice of a proposed sale of 10,390 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,073,754.55 and an approximate sale date of October 23, 2026. The notice lists restricted stock acquired from the issuer on April 1, 2025, in separate amounts of 973 and 9,417 shares.

Key Figures

Proposed sale: 10,390 common shares Aggregate market value: $1,073,754.55 Restricted stock: 973 shares +1 more

4 metrics

Proposed sale 10,390 common shares Approximate sale date: October 23, 2026

Aggregate market value $1,073,754.55 Proposed sale

Restricted stock 973 shares Acquired from the issuer on April 1, 2025

Restricted stock 9,417 shares Acquired from the issuer on April 1, 2025

Key Terms

Rule 144, Restricted Stock

2 terms

Rule 144 regulatory

"definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock financial

"Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NDAQ shares did officer Tal Cohen propose to sell?

Tal Cohen, an officer of Nasdaq, Inc., gave notice of a proposed sale of 10,390 common shares, with an approximate sale date of October 23, 2026.

What is the reported value of Tal Cohen’s proposed NDAQ share sale?

The proposed sale is listed with an aggregate market value of $1,073,754.55.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/23/2026 - 04:19 PM EDT Accepted by SEC EDGAR 10/23/2026 - 04:19 PM EDT Learn about SEC filing dates

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	0001781714
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NASDAQ, INC.
SEC File Number	001-38855
Address of Issuer	151 W. 42nd Street, New York NEW YORK 10036
Phone	212-401-8700
Name of Person for Whose Account the Securities are To Be Sold	TAL COHEN
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	Officer

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	10390	1073754.55	554962751	10/23/2026	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	04/01/2025	Restricted Stock	Issuer			973	04/01/2025	Not Applicable
Common	04/01/2025	Restricted Stock	Issuer			9417	04/01/2025	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	10/23/2026
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	/s/ Tal Cohen
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)