Nasdaq, Inc. (NASDAQ: NDAQ) EVP sells 1,556 shares in planned trade
Rhea-AI Filing Summary
Bryan Everard Smith, EVP and CPO of Nasdaq, Inc., reported a sale of 1,556 shares of common stock on August 3, 2026 at $95.07 per share, reported as a sale in open market or private transaction. The transaction was effected under a Rule 10b5-1(c) trading plan adopted on March 12, 2026. Following the sale, he directly beneficially owns 67,647 shares, including 22,563 restricted shares or units, 40,202 shares underlying PSUs and 4,882 shares purchased under the Employee Stock Purchase Plan.
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Insider Trade Summary 10b5-1
Net Seller: 1,556 shares
Net Sell
1 txn
Insider
Smith Bryan Everard
Role
EVP, CPO
Sold
1,556 shs ($148K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share F1, F2 | 1,556 | $95.07 | $148K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 67,647 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) 40,202 shares of Common Stock underlying PSUs, 32,176 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: 1,556 shares
Sale Price: $95.07 per share
Shares Owned After: 67,647 shares
+3 more
6 metrics
Shares Sold
1,556 shares
Common stock sale on August 3, 2026
Sale Price
$95.07 per share
Price for the 1,556-share sale of common stock
Shares Owned After
67,647 shares
Direct beneficial ownership following the reported sale
Restricted Stock/Units
22,563 shares or units
Part of post-transaction holdings; 1,465 are vested
PSUs Underlying Shares
40,202 shares
Shares of common stock underlying PSUs; 32,176 vested
ESPP Shares
4,882 shares
Shares purchased under the Employee Stock Purchase Plan
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"
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
"40,202 shares of Common Stock underlying PSUs, 32,176 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bryan Everard Smith report for NDAQ?
Bryan Everard Smith reported a sale of 1,556 Nasdaq, Inc. (NDAQ) shares of common stock on August 3, 2026 at $95.07 per share, categorized as a sale in open market or private transaction under a Rule 10b5-1(c) trading plan.
Was Bryan Everard Smith’s NDAQ stock sale under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026. The Form 4 also affirms the Rule 10b5-1 checkbox, indicating the transaction followed a pre-arranged trading plan.
What is the composition of Bryan Everard Smith’s remaining NDAQ holdings?
His 67,647 Nasdaq, Inc. (NDAQ) shares include 22,563 shares or units of restricted stock (1,465 vested), 40,202 shares underlying PSUs (32,176 vested), and 4,882 shares purchased under the company’s Employee Stock Purchase Plan, according to the detailed ownership footnote.