Every Form 4 that Nasdaq, Inc. (NDAQ) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow NDAQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NDAQ filings page.
NASDAQ, INC. (NDAQ) reported that executive vice president and chief strategy officer Jeremy Skule sold 1,125 shares of common stock on September 10, 2026 at $94.22 per share in an open-market transaction effected under a Rule 10b5-1(c) trading plan adopted on May 7, 2026. After this sale, he holds 101,198 shares directly, including restricted stock, performance stock units and shares acquired through the employee stock purchase plan.
NASDAQ, INC. executive Jeremy Skule (EVP, CSO) reported a sale of 2,250 shares of common stock on August 10, 2026 at a weighted average price of $94.75 per share, executed under a Rule 10b5-1(c) trading plan. Following the transaction, he reported 102,323 shares or units in various forms of equity awards and purchased stock.
NASDAQ, INC. executive Nelson Griggs, President of Capital Access Platforms, reported an open-market sale of 3,226 shares of common stock on August 10, 2026 at $96.16 per share. Following the sale, his reported holdings total 201,775 shares, including 52,724 restricted-stock shares or units (17,520 vested) and 149,051 shares underlying PSUs (136,209 vested).
NASDAQ, Inc. executive vice president and chief information officer Bradley J. Peterson reported an open-market sale of 6,000 shares of common stock on August 7, 2026 at $95.55 per share. Following this transaction, he reports 122,293 shares, consisting of 64,377 shares or units of restricted stock (38,372 vested), 52,618 shares underlying performance stock units (42,986 vested), and 5,298 shares purchased under the employee stock purchase plan.
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.
Nelson Griggs, President, Capital Access Platforms at NASDAQ, INC., sold 11,010 shares of common stock on July 29, 2026 at a weighted average price of $96.35 per share, with trades between $96.17 and $96.43. After the sale, he reported 205,001 shares and units, consisting of 55,950 shares or units of restricted stock (20,746 vested) and 149,051 shares of common stock underlying PSUs, 136,209 of which are vested.
NASDAQ, INC. executive Bradley J. Peterson, EVP and CIO, sold 13,000 shares of common stock on July 24, 2026 in an open-market transaction at a weighted average price of $92.61, with individual sale prices between $92.58 and $92.66. After this sale, he holds 128,293 shares, consisting of 64,377 shares or units of restricted stock (38,372 vested), 58,618 shares underlying performance stock units (48,986 vested), and 5,298 shares purchased under the Employee Stock Purchase Plan.
Nasdaq, Inc. officer Nelson Griggs, President of Capital Access Platforms, reported open-market sales of a total of 17,787 common shares. He sold 6,777 shares on July 24, 2026 at $92.53 per share and 11,010 shares on July 27, 2026 at a weighted-average $93.96 (range $93.83–$94.10). He continues to hold equity awards covering 66,960 restricted shares or units and 149,051 PSUs, with substantial portions already vested.
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.
Innax AB, an entity associated with Investor AB, bought 56,782 shares of NASDAQ, Inc. common stock in an open-market transaction. The weighted average purchase price was $85.98 per share, with individual trades ranging from $85.81 to $86.00 per share.
After this purchase, Innax AB held 58,439,208 NASDAQ, Inc. shares indirectly. Investor AB is the sole shareholder of Innax AB, and the reporting persons state they disclaim beneficial ownership of each other’s holdings except to the extent of their pecuniary interest.
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.
NASDAQ, INC. director Paul Holden Spaht Jr. reported an equity compensation grant tied to the company’s stock. He acquired 2,998 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of common stock, with all of these RSUs vesting on June 10, 2027. After this grant, he is shown as holding 13,399 RSUs under Nasdaq’s Equity Incentive Plan, of which 10,401 are already vested as of the filing date. The RSUs are held by the reporting person for the benefit of Thoma Bravo, L.P., and he disclaims beneficial ownership of these restricted shares.
YABUKI JEFFERY W reported acquisition or exercise transactions in this Form 4 filing.
NASDAQ, INC. director Jeffery W. Yabuki reported an equity compensation award rather than an open-market trade. He received 4,612 Restricted Stock Units (RSUs) of common stock at no cost under Nasdaq's Equity Incentive Plan.
The entire RSU grant vests on June 10, 2027. After this award, he holds 22,959 RSUs in total, of which 18,347 are already vested, plus 60 common shares held indirectly through a revocable family trust where he serves as trustee.
Nasdaq, Inc. director Charlene T. Begley received an equity award of 2,998 Restricted Stock Units (RSUs). The RSUs were granted under Nasdaq’s Equity Incentive Plan, with each unit representing a contingent right to receive one share of common stock. The entire 2,998-unit award vests on June 10, 2027. Following this grant, Begley holds a total of 48,999 RSUs under the plan, of which 46,001 are reported as vested as of the Form 4 filing date. This is a compensation-related, non-cash acquisition rather than an open-market share purchase.
Koch Kathryn A. reported acquisition or exercise transactions in this Form 4 filing.
Nasdaq, Inc. director Kathryn A. Koch received an equity grant of 3,171 Restricted Stock Units (RSUs) of common stock at no cash cost. Each RSU represents the right to receive one share of Nasdaq common stock.
The entire 3,171-unit award vests on June 10, 2027 under Nasdaq’s Equity Incentive Plan. Following this grant, Koch holds 10,743 RSUs in total, of which 7,572 are already vested as of this Form 4 filing.
Nasdaq, Inc. director Alfred W. Zollar received an equity award of 4,497 Restricted Stock Units (RSUs), each representing one share of common stock. The RSUs were granted under Nasdaq's Equity Incentive Plan and the entire award vests on June 10, 2027.
After this grant, Zollar holds 58,281 shares of common stock, including RSUs. Footnotes state he has been granted a total of 55,739 RSUs under the plan, of which 51,242 are vested, as well as 2,542 shares acquired through open market purchases.
KLOET THOMAS A reported acquisition or exercise transactions in this Form 4 filing.
NASDAQ, INC. director Thomas A. Kloet reported an equity compensation grant and updated share holdings. He received an award of 4,554 Restricted Stock Units (RSUs), with each unit representing a contingent right to one share of common stock, vesting on June 10, 2027. After this grant, he directly holds 36,559 shares of common stock and an additional 68,709 shares are held indirectly through a family trust for which he is trustee and beneficiary. The Form 4 reflects compensation-related share awards and holdings, with no reported open‑market purchases or sales.
Townes-Whitley Toni reported acquisition or exercise transactions in this Form 4 filing.
NASDAQ, INC. director Toni Townes-Whitley received an equity award in the form of 2,998 Restricted Stock Units (RSUs) of common stock at no cash cost, as part of Nasdaq's Equity Incentive Plan. Each RSU represents a right to receive one share of common stock if vesting conditions are met.
The entire 2,998-unit award is scheduled to vest on June 10, 2027. Following this grant, Townes-Whitley now holds a total of 23,469 RSUs under Nasdaq's plan, of which 20,471 are already vested as of the Form 4 filing date.
ARNOLDI MELISSA reported acquisition or exercise transactions in this Form 4 filing.
NASDAQ, INC. director Melissa Arnoldi received a grant of 4,324 Restricted Stock Units as equity compensation, with no cash paid per share. Each RSU represents a right to one share of common stock and vests in full on June 10, 2027. Following this award, she holds 55,515 RSUs in total, of which 51,191 are already vested.
SPLINTER MICHAEL R reported acquisition or exercise transactions in this Form 4 filing.
NASDAQ, INC. director Michael R. Splinter reported a new stock-based compensation award and updated holdings. He received an award of 5,246 Restricted Stock Units (RSUs) under Nasdaq's Equity Incentive Plan, with the entire grant vesting on June 10, 2027. Each RSU represents a contingent right to receive one share of Nasdaq common stock.
Following this grant, he holds 217,988 RSUs in total, of which 212,742 were vested as of the filing date. In addition, 15,225 shares of common stock are held indirectly through family trusts, which reflect shares he previously gifted and for which he serves as trustee. These transactions reflect equity compensation and prior gifting activity rather than open-market buying or selling.
NASDAQ, INC. director Johan Torgeby received an award of 2,998 Restricted Stock Units under the company’s Equity Incentive Plan, with all units scheduled to vest on June 10, 2027. Separately, 300 shares were surrendered to cover withholding taxes on previously vested equity, a non-market disposition. Following these updates, Torgeby’s holdings total 43,495 shares and RSUs, including 17,495 RSUs (14,497 vested) and 26,000 shares acquired through prior open-market purchases.
Nasdaq, Inc. director Kazim Essa reported routine equity compensation activity. On June 10, 2026, he received 4,151 shares of common stock as a grant under Nasdaq's Equity Incentive Plan, tied to Restricted Stock Units. On June 11, 2026, 622 shares were surrendered to cover withholding taxes related to a prior equity vesting, not an open-market sale. Following these transactions, he holds 146,917 RSUs granted under the plan, of which 142,766 are vested as of the Form 4 filing date.
Nelson Griggs, President of Capital Access Platforms at Nasdaq, Inc., reported an open-market sale of 5,093 shares of common stock at $92.62 per share on May 18, 2026. After this transaction, he directly holds 233,798 shares. Footnote disclosures also list sizeable restricted stock and performance stock unit awards, with a substantial portion already vested.
NASDAQ, INC. executive vice president and CIO Bradley J. Peterson sold 7,710 shares of common stock in an open-market transaction at $90.82 per share on April 28, 2026. After this sale, he holds a total of 141,035 shares and units tied to NASDAQ equity.
These holdings consist of 64,377 shares or units of restricted stock, 71,618 shares of common stock underlying performance stock units, and 5,040 shares purchased under the employee stock purchase plan. A large portion of the restricted stock and PSUs is already vested.
NASDAQ, INC. executive Tal Cohen, President of Market Platforms, reported an open-market sale of Common Stock. On April 27, 2026, he sold 15,518 shares at a weighted average price of $90.75 per share.
After the transaction, Cohen directly held 215,208 shares, including restricted stock, performance stock units and shares purchased under the employee stock purchase plan, as described in the footnotes.
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.
NASDAQ, INC. senior vice president and controller Michelle Lynn Daly had 424 shares of common stock withheld on April 3, 2026 to cover taxes tied to the settlement of a prior equity award. This was a tax-withholding disposition, not an open-market sale.
After the withholding, she directly holds 11,412 shares, consisting of restricted stock or units, performance share units and shares purchased through the employee stock purchase plan.
Nasdaq, Inc. Chair and CEO Adena T. Friedman reported a routine tax-related share disposition. On April 3, 2026, 8,075 shares of common stock were withheld at $86.65 per share to cover taxes on a previously granted equity award, rather than sold on the open market.
After this withholding, she directly owns 1,983,866 shares of Nasdaq common stock, a large remaining position. She also holds employee stock options covering 306,936 underlying shares at a $67.48 exercise price expiring on January 3, 2032, plus indirect holdings of 73,500 shares in each of two family trusts.
NASDAQ, INC. executive vice president and CIO Bradley J. Peterson had 1,499 shares of common stock withheld at $86.65 per share to cover taxes tied to the settlement of a prior equity award under the company’s Equity Incentive Plan. This was a tax-withholding disposition, not an open-market sale. After the transaction, he holds 148,745 shares and units directly, including restricted stock, performance stock units and shares purchased through the Employee Stock Purchase Plan.
Nasdaq, Inc. executive Jeremy Skule reported a routine tax-withholding disposition of company stock. On the settlement of a prior equity award under Nasdaq’s Equity Incentive Plan, 1,017 shares of Common Stock were withheld to cover taxes at an effective price of $86.65 per share.
After this non-market transaction, Skule directly holds 104,573 Nasdaq shares. This includes 37,779 shares or units of restricted stock, of which 11,819 are vested, 63,075 shares of Common Stock underlying performance share units, 55,049 of which are vested, and 3,719 shares purchased under the Employee Stock Purchase Plan.
Nasdaq, Inc. executive Bryan Everard Smith, EVP and Chief People Officer, reported a tax-related share withholding. On settlement of a prior equity award under Nasdaq's Equity Incentive Plan, 813 shares of common stock were withheld to cover taxes at an indicated price of $86.65 per share.
Following this routine tax-withholding disposition, Smith directly holds 74,944 shares of Nasdaq common stock. Footnotes also describe additional equity exposure through restricted stock, performance stock units, and shares acquired under the Employee Stock Purchase Plan.
Nasdaq, Inc. executive Tal Cohen reported a routine tax-related share disposition. On the settlement of a previously granted equity award, 1,565 shares of common stock were withheld at $86.65 per share to cover tax obligations, rather than sold in the open market.
After this withholding, Cohen directly holds 230,726 shares and units tied to Nasdaq equity. These include 126,563 shares or units of restricted stock, of which 53,203 are vested, 102,535 shares underlying performance stock units, of which 89,693 are vested, and 1,628 shares purchased through the company’s employee stock purchase plan.
Nasdaq, Inc. executive Nelson Griggs reported a routine tax-withholding share disposition related to an equity award. On April 3, he had 1,565 shares of common stock withheld at $86.65 per share to satisfy taxes due on the settlement of a prior equity incentive grant.
After this transaction, he directly holds 238,891 shares of Nasdaq common stock. Footnotes state this includes 83,063 restricted shares or units, of which 47,859 are vested, and 155,828 shares underlying performance stock units, of which 142,986 are vested.
NASDAQ, INC. executive John Zecca, EVP and Global CLO, reported a routine tax-related share disposition. On the equity award settlement date, 780 shares of common stock were withheld at $86.65 per share to cover tax obligations under the company’s Equity Incentive Plan.
Following this withholding, Zecca’s reported holdings total 153,334 shares of common stock-linked interests, consisting of 26,733 restricted stock or units and 126,601 performance share units. Many of these awards are already vested, indicating a substantial ongoing equity stake.
Nasdaq, Inc. Chair and CEO Adena Friedman exercised employee stock options for 113,611 shares of Common Stock at $22.22 per share and sold 113,611 shares at a weighted average price of $85.44 under a pre-arranged Rule 10b5-1(c) trading plan. She received a grant of 39,929 Restricted Stock Units (RSUs), which vest in stages on April 1, 2028, April 1, 2029, and April 1, 2030, and had 13,739 shares withheld to cover taxes on an earlier equity award. After these transactions, she directly holds 1,991,941 shares of Common Stock and retains an option over 306,936 shares at an exercise price of $67.48 expiring on January 3, 2032, along with indirect holdings of 73,500 shares in each of two family trusts.
NASDAQ, INC. EVP & CFO Sarah Youngwood received an equity award of 15,267 restricted stock units (RSUs). The award was granted at no cash cost per share as part of the company’s equity incentive compensation.
The RSUs vest over three years, with 33% vesting on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030, encouraging long-term alignment with shareholders. After this grant, Youngwood directly holds 74,558 shares or units of NASDAQ common stock, including 74,236 shares or restricted units and 322 shares acquired through the employee stock purchase plan.
NASDAQ, INC. executive vice president and chief product officer Bryan Everard Smith received a grant of 7,046 shares of common stock in the form of Restricted Stock Units under the company’s Equity Incentive Plan. The RSUs vest 33% on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
On the same date, 2,149 shares were withheld at $84.89 per share to cover taxes related to a prior equity award. After these transactions, Smith directly holds 75,757 shares or units, including restricted stock, performance stock units and shares purchased through the employee stock purchase plan.
Nasdaq, Inc. SVP Michelle Lynn Daly reported routine equity compensation activity. She received an award of 2,025 Restricted Stock Units (RSUs) under Nasdaq’s Equity Incentive Plan, each representing the right to receive one share of common stock.
The RSUs vest 33% on April 1, 2028, 33% on April 1, 2029, and the balance on April 1, 2030. On the same date, 832 shares were withheld at $84.89 per share to cover taxes on a previously granted equity award, a non-market disposition. Following these events, she holds 11,836 shares and units in total, including 8,405 restricted shares or units (791 vested), 1,764 performance stock units and 1,667 shares purchased through the Employee Stock Purchase Plan.
NASDAQ, INC. executive Tal Cohen, President of Market Platforms, received an equity compensation award and had shares withheld to cover taxes. He was granted 15,267 Restricted Stock Units, each representing one future share of common stock, with vesting scheduled on April 1 of 2028, 2029 and 2030. In a separate transaction, 11,141 shares of common stock were withheld at $84.89 per share for tax obligations tied to a prior equity award. After these transactions, Cohen directly holds 232,291 shares or units of Nasdaq-related equity, including restricted stock, performance stock units and shares acquired through the employee stock purchase plan.
NASDAQ, INC. executive vice president and CIO Bradley J. Peterson reported routine equity compensation activity. He received a grant of 8,103 restricted stock units, each representing one share of common stock, vesting 33% on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030. In a separate line item, 2,761 shares of common stock were withheld at $84.89 per share to cover taxes from settlement of a prior equity award. Following these transactions, he holds 150,244 shares of common stock directly, along with additional restricted stock, performance stock units, and shares purchased under the employee stock purchase plan as described in the filing.
Nasdaq, Inc. executive Jeremy Skule reported routine equity compensation activity. He received 7,633 Restricted Stock Units (RSUs) under Nasdaq’s Equity Incentive Plan, each representing a contingent right to one share of common stock. These RSUs vest 33% on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
The filing also shows 2,332 shares of common stock were withheld at $84.89 per share to cover taxes tied to settlement of a prior equity award, which is not an open‑market sale. After these transactions, he directly holds 105,590 shares or units in various forms of Nasdaq equity.
NASDAQ, Inc. President of Capital Access Platforms Nelson Griggs reported routine equity compensation activity. He received 11,743 shares of Common Stock as a grant of Restricted Stock Units under the company’s Equity Incentive Plan, with no cash paid per share.
The RSUs vest 33% on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030. Separately, 3,308 shares of Common Stock were withheld at $84.89 per share to cover taxes on a previously granted equity award. After these transactions, he holds 240,456 shares directly, plus additional restricted stock and PSUs noted in the footnotes.
Nasdaq EVP and Global CLO John Zecca reported routine equity compensation activity. He received an award of 7,339 Restricted Stock Units under Nasdaq’s Equity Incentive Plan, with 33% vesting on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
On the same date, 2,097 shares of common stock were withheld at $84.89 per share to satisfy tax obligations tied to a previously granted equity award. After these transactions, Zecca directly holds 154,114 shares of common stock. A footnote also describes 27,513 shares or units of restricted stock and 126,601 shares of common stock underlying PSUs.
Nasdaq, Inc. Chair and CEO Adena Friedman reported charitable gifts of 113,572 shares of Nasdaq common stock, recorded as bona fide gifts with no sale proceeds. The donated shares went to a charitable institution and a donor-advised fund, and she no longer has voting or investment control over them.
After these gifts, Friedman holds 1,965,751 Nasdaq common shares directly, plus additional indirect holdings through two family trusts that each hold 73,500 shares. She also retains employee stock options covering 113,611 shares at an exercise price of $22.22, expiring on January 3, 2027, and 306,936 shares at $67.48, expiring on January 3, 2032.
Nasdaq, Inc. Chair and CEO Adena T. Friedman exercised employee stock options for 92,840 shares of Common Stock at an exercise price of $22.22 per share on March 6, 2026. She then sold 92,840 shares in an open-market transaction at a weighted-average price of $90.08 per share, resulting in 2,079,323 shares of Common Stock held directly after the sale.
The sale was carried out under a pre-arranged Rule 10b5-1(c) trading plan adopted on September 11, 2025. Following these transactions, Friedman also holds stock options covering 306,936 underlying shares at an exercise price of $67.48 per share, expiring on January 3, 2032, and has additional indirect ownership of 73,500 shares in each of two irrevocable family trusts.
NASDAQ, INC. executive Bryan Everard Smith, EVP and Chief People Officer, sold 6,000 shares of common stock in an open-market transaction on March 2, 2026 at a weighted average price of $87.24 per share. The sale was executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on August 29, 2025, indicating it was scheduled in advance.
Following this transaction, Smith directly owns 70,860 shares. Footnote detail shows this figure represents a mix of vested and unvested restricted stock units, performance share units, and shares acquired through the company’s employee stock purchase plan.
Nasdaq, Inc. senior vice president, controller and principal accounting officer Michelle Lynn Daly reported an open-market sale of 4,339 shares of common stock on February 19, 2026 at a price of $81.34 per share. After this sale, she directly owns 10,643 shares, including restricted stock, performance stock units and shares purchased under the employee stock purchase plan.
Nasdaq, Inc. director Johan Torgeby reported an open-market purchase of 12,000 shares of Nasdaq common stock at a price of $79.86 per share on February 17, 2026. Following this transaction, his direct holdings total 40,797 equity interests.
These holdings represent 14,797 restricted stock units granted under Nasdaq's Equity Incentive Plan, of which 11,802 are vested as of the reporting date, and 26,000 shares of common stock acquired through open-market purchases.
Nasdaq, Inc. Chair and CEO Adena Friedman reported equity compensation transactions involving company stock. She acquired 228,455 shares of common stock at $0 through the settlement of previously granted performance share units, and 115,775 shares were disposed of at $80.42 to cover tax withholding on that settlement.
She also received a new grant of 41,740 performance share units at $0, which are tied to performance goals through December 31, 2025 and are scheduled to vest on January 4, 2027. Following these transactions, she directly holds over two million shares and employee stock options covering 206,451 shares at $22.22 and 306,936 shares at $67.48. Additional common shares are held indirectly in two family trusts for estate-planning purposes.
Smith Bryan Everard reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 39,038 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 76,860 shares.