Nasdaq EVP sells 3,000 shares under trading plan
NASDAQ, INC. executive vice president and chief people officer Bryan Everard Smith sold 3,000 shares of common stock on June 11, 2026 in an open‑market transaction at an average price of $86.91 per share.
Rhea-AI Filing Summary
NASDAQ, INC. executive vice president and chief people officer Bryan Everard Smith sold 3,000 shares of common stock on June 11, 2026 in an open‑market transaction at an average price of $86.91 per share.
After the sale, he directly holds 71,944 shares, consisting of 22,563 restricted stock or units, 44,758 performance stock units and 4,623 shares purchased through the employee stock purchase plan. The sale was executed under a pre‑arranged Rule 10b5‑1(c) trading plan adopted on March 12, 2026.
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Insider Trade Summary 10b5-1
Net Seller: 3,000 shares
Net Sell
1 txn
Insider
Smith Bryan Everard
Role
EVP, CPO
Sold
3,000 shs ($261K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 3,000 | $86.91 | $261K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 71,944 shares (Direct)
Footnotes (2)
- F1. The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026.
- F2. Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested, (ii) 44,758 shares of Common Stock underlying PSUs, 36,732 of which are vested, and (iii) 4,623 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
Key Figures
Shares sold: 3,000 shares
Sale price: $86.91 per share
Shares after transaction: 71,944 shares
+5 more
8 metrics
Shares sold
3,000 shares
Open-market sale on June 11, 2026
Sale price
$86.91 per share
Average sale price for 3,000 shares
Shares after transaction
71,944 shares
Direct holdings following June 11, 2026 sale
Restricted stock/units
22,563 shares or units
Part of post-transaction holdings; 1,465 vested
Performance stock units
44,758 shares
Underlying PSUs; 36,732 vested
ESPP shares
4,623 shares
Purchased under employee stock purchase plan
10b5-1 plan adoption date
March 12, 2026
Plan governing the reported sale
Transaction date
June 11, 2026
Date of open-market sale
Key Terms
Rule 10b5-1(c) trading plan, restricted stock, PSUs, Employee Stock Purchase Plan
4 terms
Rule 10b5-1(c) trading plan regulatory
"The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026."
A Rule 10b5-1(c) trading plan is a legally defined, pre-set schedule that lets company insiders automatically buy or sell stock at specified times or under set formulas when they are not in possession of undisclosed, sensitive information. Think of it like an automatic payment plan for trades: because the instructions are written in advance, trades under the plan help protect insiders from allegations of trading on secret information and give investors clearer expectations about when insiders will transact, which can affect liquidity and perceived transparency.
restricted stock financial
"Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested..."
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.
PSUs financial
"...44,758 shares of Common Stock underlying PSUs, 36,732 of which are vested..."
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
Employee Stock Purchase Plan financial
"...and (iii) 4,623 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nasdaq (NDAQ) executive Bryan Everard Smith report in this Form 4?
Bryan Everard Smith reported selling 3,000 shares of Nasdaq common stock at an average price of $86.91 per share. The transaction was an open‑market sale and was carried out under a pre‑arranged Rule 10b5‑1(c) trading plan adopted on March 12, 2026.
What types of Nasdaq (NDAQ) equity awards does Bryan Everard Smith hold?
Post‑transaction holdings include 22,563 restricted shares or units, 44,758 shares underlying performance stock units, and 4,623 shares purchased via Nasdaq’s employee stock purchase plan. Some of these awards are vested, as specified in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
