Here are the Form 4 insider transactions from Nasdaq, Inc. (NDAQ) in our archive over the last 12 months, 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. 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.
SKULE JEREMY reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 47,223 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 100,289 shares.
Peterson Bradley J reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 73,304 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 144,902 shares.
Griggs PC Nelson reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 77,448 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 232,021 shares.
Daly Michelle Lynn reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 11,263 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 14,982 shares.
Tal Cohen reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 77,448 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 228,165 shares.
Nasdaq, Inc. executive John Zecca reported multiple equity award transactions in company stock. On February 11, 2026, he acquired 24,602 shares of Common Stock at $0 through settlement of performance share units tied to goals for the period from January 1, 2023 through December 31, 2025.
On the same date, 9,430 shares were disposed of at $82.51 to cover taxes related to that settlement. He also received an additional 8,026 shares at $0 in connection with performance share units based on goals for January 1, 2024 through December 31, 2025, with underlying shares scheduled to vest on January 4, 2027. After these transactions, he directly held 148,872 shares of Nasdaq Common Stock, including restricted stock and vested and unvested performance share units.
Investor AB, a 10% owner of Nasdaq, Inc. (NDAQ), reported an indirect open‑market purchase of 200,000 shares of common stock. The transaction on February 13, 2026 was executed at a weighted average price of $79.1752 per share, across multiple trades between $79.10 and $79.52.
The shares are held directly by Innax AB (formerly Patricia Holding AB), for which Investor AB is the sole shareholder. Following this transaction, entities associated with the reporting person indirectly hold 58,382,426 shares of Nasdaq common stock, with certain parties disclaiming beneficial ownership except to the extent of their pecuniary interest.
Nasdaq, Inc. director Michael R. Splinter reported a gift of 4,680 shares of Nasdaq common stock on January 30, 2026. The shares were transferred at a price of $0 under transaction code G, which denotes a bona fide gift.
Following the transaction, he was shown with 212,742 equity-based units related to Nasdaq’s equity incentive plan, of which 207,501 were vested, and 15,225 shares held indirectly through family trusts where he serves as trustee.
Nasdaq, Inc. Chair and CEO Adena T. Friedman exercised employee stock options for 300,000 shares of common stock at an exercise price of $22.22 per share and on the same day sold 300,000 shares at a weighted average price of $96.91 per share under a pre-arranged Rule 10b5-1(c) trading plan adopted on September 11, 2025.
After these transactions, she directly holds 1,924,903 shares of Nasdaq common stock and 206,451 employee stock options at a $22.22 exercise price, plus an additional 306,936 options at a $67.48 exercise price that vest on January 3, 2027.
She also has indirect beneficial ownership of 73,500 Nasdaq shares in each of two family trusts established for estate planning purposes.
Nasdaq, Inc. executive John Zecca, EVP and Global CLO, reported a sale of Common Stock on a Form 4. On January 6, 2026, he sold 4,500 shares of Nasdaq, Inc. common stock at a price of $100.01 per share in a transaction coded "S" for sale. The filing notes this sale was carried out under a Rule 10b5-1(c) trading plan adopted on September 8, 2025, indicating it was pre-arranged.
After this transaction, Zecca beneficially owned 125,674 shares. This amount represents 22,271 shares or units of restricted stock, of which 2,152 are vested, and 103,403 shares of common stock underlying performance stock units (PSUs), all of which are vested.
Nasdaq, Inc. reported an insider stock transaction by its EVP and Chief Strategy Officer. On 12/06/2025, 4,127 shares of common stock were disposed of at a price of $90.22 per share, coded as a tax-related transaction. The shares were withheld to cover taxes owed on the settlement of a previously granted equity award under the company’s Equity Incentive Plan.
After this withholding, the officer beneficially owns 78,742 shares of Nasdaq common stock. This total includes 33,495 shares or units of restricted stock (9,116 vested), 41,528 vested performance stock unit shares, and 3,719 shares purchased through the Employee Stock Purchase Plan.