Nasdaq SVP Michelle Daly sells 1,323 shares
NASDAQ, INC. senior vice president, controller and principal accounting officer Michelle Lynn Daly reported two open-market sales of common stock.
Rhea-AI Filing Summary
NASDAQ, INC. senior vice president, controller and principal accounting officer Michelle Lynn Daly reported two open-market sales of common stock. On April 24, 2026, she sold 129 shares at $88.85 per share and 1,194 shares at $88.82 per share, for a total of 1,323 shares sold.
Following these transactions, she continues to hold more than 10,000 shares of Nasdaq common stock directly. A footnote states additional interests consisting of 6,787 unvested restricted stock or units, 1,764 unvested performance share units, and 1,538 shares purchased under the company’s employee stock purchase plan.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 1,323 shares
Net Sell
2 txns
Insider
Daly Michelle Lynn
Role
SVP, Controller & PAO
Sold
1,323 shs ($118K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 1,194 | $88.82 | $106K |
| Sale | Common Stock, par value $0.01 per share | 129 | $88.85 | $11K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 10,089 shares (Direct)
Footnotes (1)
- F1. Represents (i) 6,787 shares or units of restricted stock, none of which are vested, (ii) 1,764 shares of Common Stock underlying PSUs, none of which are vested, and (iii) 1,538 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
Key Figures
Total shares sold: 1,323 shares
First sale price: $88.85 per share
Second sale price: $88.82 per share
+4 more
7 metrics
Total shares sold
1,323 shares
Open-market sales of common stock on April 24, 2026
First sale price
$88.85 per share
129 Nasdaq common shares sold
Second sale price
$88.82 per share
1,194 Nasdaq common shares sold
Direct holdings (approximate)
Over 10,000 shares
Direct ownership after reported transactions
Unvested restricted stock/units
6,787 units
Unvested restricted stock or units noted in footnote
Unvested PSUs
1,764 shares
Common stock underlying performance share units, unvested
ESPP shares
1,538 shares
Common stock purchased under Employee Stock Purchase Plan
Key Terms
open-market sale, restricted stock, PSUs, Employee Stock Purchase Plan, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock financial
"Represents (i) 6,787 shares or units of restricted stock, none of which"
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
"1,764 shares of Common Stock underlying PSUs, none 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
"1,538 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.
principal accounting officer financial
"officer_title": "SVP, Controller & PAO"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nasdaq (NDAQ) executive Michelle Daly report in this Form 4?
Michelle Daly reported selling 1,323 Nasdaq shares in open-market trades. The sales occurred on April 24, 2026, in two transactions at prices of $88.85 and $88.82 per share, and she continues to hold a significant direct and equity-award position.
What additional equity awards in Nasdaq (NDAQ) does Michelle Daly have?
A footnote lists multiple unvested and plan-related holdings. These include 6,787 unvested restricted stock or units, 1,764 unvested performance share units, and 1,538 shares purchased under Nasdaq’s Employee Stock Purchase Plan, in addition to her directly held common stock.
What is Michelle Daly’s role at Nasdaq (NDAQ) mentioned in the Form 4?
The Form 4 identifies Michelle Daly as SVP, Controller & PAO of Nasdaq. PAO refers to principal accounting officer, indicating she holds a senior finance and accounting leadership position while also reporting her personal equity transactions in company stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
