Nasdaq EVP Bryan Smith sells 3,000 shares
NASDAQ, INC. executive Bryan Everard Smith, EVP and Chief People Officer, sold 3,000 shares of common stock in an open-market transaction at $80.00 per share.
Rhea-AI Filing Summary
NASDAQ, INC. executive Bryan Everard Smith, EVP and Chief People Officer, sold 3,000 shares of common stock in an open-market transaction at $80.00 per share. The sale was made under a pre-arranged Rule 10b5-1(c) trading plan adopted on March 12, 2026, indicating it was scheduled in advance.
After this sale, Smith directly owns 69,203 shares and share-based units, including restricted stock, performance share units and shares bought through the employee stock purchase plan. The transaction represents a small portion of his overall reported holdings.
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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 ($240K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 3,000 | $80.00 | $240K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 69,203 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) 41,758 shares of Common Stock underlying PSUs, 33,732 of which are vested, and (iii) 4,882 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
Key Figures
Shares sold: 3,000 shares
Sale price: $80.00 per share
Holdings after transaction: 69,203 shares/units
+3 more
6 metrics
Shares sold
3,000 shares
Open-market sale on July 1, 2026
Sale price
$80.00 per share
Average price for 3,000-share sale
Holdings after transaction
69,203 shares/units
Total reported holdings following sale
Restricted stock/units
22,563 units
Restricted stock or units, 1,465 vested
Performance share units
41,758 shares
Common stock underlying PSUs, 33,732 vested
Employee Stock Purchase Plan shares
4,882 shares
Shares purchased under ESPP
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
"...41,758 shares of Common Stock underlying PSUs, 33,732 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
"...4,882 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 insider transaction did NASDAQ, INC. (NDAQ) report for Bryan Everard Smith?
NASDAQ, INC. reported that EVP and Chief People Officer Bryan Everard Smith sold 3,000 shares of common stock. The open-market transaction was executed at $80.00 per share and was disclosed in a Form 4 insider trading report filed with regulators.
Was the July 2026 NDAQ insider sale by Bryan Smith pre-planned under Rule 10b5-1?
Yes. The filing states the 3,000-share sale by Bryan Smith was executed under a Rule 10b5-1(c) trading plan. That plan was adopted on March 12, 2026, indicating the trade was scheduled in advance rather than being a discretionary, spur-of-the-moment decision.
At what price did Bryan Everard Smith sell NDAQ common stock in the Form 4 transaction?
Bryan Everard Smith sold 3,000 shares of NASDAQ, INC. common stock at an average price of $80.00 per share. The sale was categorized as an open-market transaction and is described as a “Sale in open market or private transaction” in the Form 4 disclosure.
What types of equity awards does Bryan Smith hold in NASDAQ, INC. (NDAQ)?
Bryan Smith’s reported holdings include restricted stock or units, performance share units (PSUs), and shares purchased under the Employee Stock Purchase Plan. The filing notes specific counts of vested and unvested restricted stock and PSUs, plus thousands of shares accumulated through the purchase plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
