[Form 4] Nasdaq, Inc. Insider Trading Activity
Nasdaq, Inc. insider Jeremy Skule, EVP and CSO, reported a sale of 2,105 shares of Nasdaq common stock on 09/02/2025 at a price of $93.22 per share under a Rule 10b5-1(c) trading plan adopted February 10, 2025. After the reported transaction he beneficially owned 90,446 shares, composed of 39,859 restricted shares (5,737 vested), 46,868 shares underlying vested PSUs, and 3,719 shares purchased under the company ESPP.
Il dirigente societario di Nasdaq, Inc., Jeremy Skule, EVP e CSO, ha comunicato la vendita di 2.105 azioni ordinarie Nasdaq il 02/09/2025 al prezzo di $93,22 per azione, nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1(c) adottato il 10 febbraio 2025. Dopo l'operazione riportata deteneva la proprietà beneficiaria di 90.446 azioni, composte da 39.859 azioni vincolate (5.737 maturate), 46.868 azioni sottostanti a PSU maturati e 3.719 azioni acquistate tramite il piano ESPP aziendale.
El directivo interno de Nasdaq, Inc., Jeremy Skule, EVP y CSO, informó la venta de 2.105 acciones ordinarias de Nasdaq el 02/09/2025 a un precio de $93,22 por acción, en virtud de un plan de negociación conforme a la Rule 10b5-1(c) adoptado el 10 de febrero de 2025. Tras la transacción declarada, poseía de forma beneficiaria 90.446 acciones, compuestas por 39.859 acciones restringidas (5.737 adquiridas), 46.868 acciones subyacentes a PSU ya adquiridas y 3.719 acciones compradas mediante el ESPP de la compañía.
나스�(Nasdaq, Inc.)� 내부� Jeremy Skule(부사장 � CSO)� 2025� 9� 2� 주당 $93.22� 나스� 보통� 2,105주를 매도했다� 보고했습니다. 해당 거래� 2025� 2� 10� 채택� Rule 10b5-1(c) 거래계획� 따른 것입니다. 보고� 거래 � 그는 � 90,446주의 실소유권� 보유했으�, 이는 제한부 주식 39,859�(권리취득� 5,737�), 권리취득� PSU(성과기준주식) 기초주식 46,868�, 그리� 회사� 직원주식구매계획(ESPP)� 통해 구매� 3,719주로 구성됩니�.
L'initié de Nasdaq, Inc., Jeremy Skule, EVP et CSO, a déclaré la vente de 2 105 actions ordinaires Nasdaq le 02/09/2025 au prix de 93,22 $ par action, dans le cadre d'un plan de trading conforme à la Rule 10b5-1(c) adopté le 10 février 2025. Après la transaction déclarée, il détenait à titre bénéficiaire 90 446 actions, composées de 39 859 actions restreintes (5 737 acquises), 46 868 actions sous-jacentes à des PSU acquises et 3 719 actions achetées via le plan d'achat d'actions des employés (ESPP) de la société.
Der Insider von Nasdaq, Inc., Jeremy Skule, EVP und CSO, meldete den Verkauf von 2.105 Nasdaq-Stammaktien am 02.09.2025 zu einem Preis von $93,22 je Aktie im Rahmen eines Handelsplans gemäß Rule 10b5-1(c), der am 10. Februar 2025 beschlossen wurde. Nach der gemeldeten Transaktion hielt er wirtschaftlich 90.446 Aktien, bestehend aus 39.859 eingeschränkten Aktien (davon 5.737 unverfallbar), 46.868 Aktien aus bereits unverfallten PSU und 3.719 Aktien, die über den Mitarbeiter-Aktienkaufplan (ESPP) des Unternehmens erworben wurden.
- Transaction was executed pursuant to a Rule 10b5-1(c) trading plan, indicating pre-authorized and compliant trading
- Reporting person retains substantial beneficial ownership (90,446 shares) including restricted stock and vested PSUs
- Insider sale of 2,105 shares represents an actual disposition of company stock
- No information provided on total outstanding ownership percentage, limiting context for materiality
Insights
TL;DR: Insider sale completed under a pre-established 10b5-1 plan; holdings remain concentrated in restricted stock and vested PSUs.
The filing shows a single non-derivative sale of 2,105 shares executed on 09/02/2025 at $93.22 per share under a Rule 10b5-1(c) plan adopted on February 10, 2025, indicating the transaction followed a pre-authorized schedule rather than ad hoc trading. The reporting person retains 90,446 shares in aggregate, comprised of restricted shares, vested PSUs, and ESPP shares, which suggests continued material ownership and incentive alignment with the company. From a governance perspective the filing is routine and transparent.
TL;DR: Transaction is a routine insider sale under an established plan and does not by itself provide new operational or financial information.
The sale of 2,105 shares reduces the reporting person’s stake modestly while leaving substantial residual holdings: 39,859 restricted shares (5,737 vested), 46,868 vested PSUs, and 3,719 ESPP shares, totaling 90,446 shares after the sale. The use of a 10b5-1(c) plan minimizes questions about opportunistic timing. The filing contains no derivative transactions or other compensatory changes.
Il dirigente societario di Nasdaq, Inc., Jeremy Skule, EVP e CSO, ha comunicato la vendita di 2.105 azioni ordinarie Nasdaq il 02/09/2025 al prezzo di $93,22 per azione, nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1(c) adottato il 10 febbraio 2025. Dopo l'operazione riportata deteneva la proprietà beneficiaria di 90.446 azioni, composte da 39.859 azioni vincolate (5.737 maturate), 46.868 azioni sottostanti a PSU maturati e 3.719 azioni acquistate tramite il piano ESPP aziendale.
El directivo interno de Nasdaq, Inc., Jeremy Skule, EVP y CSO, informó la venta de 2.105 acciones ordinarias de Nasdaq el 02/09/2025 a un precio de $93,22 por acción, en virtud de un plan de negociación conforme a la Rule 10b5-1(c) adoptado el 10 de febrero de 2025. Tras la transacción declarada, poseía de forma beneficiaria 90.446 acciones, compuestas por 39.859 acciones restringidas (5.737 adquiridas), 46.868 acciones subyacentes a PSU ya adquiridas y 3.719 acciones compradas mediante el ESPP de la compañía.
나스�(Nasdaq, Inc.)� 내부� Jeremy Skule(부사장 � CSO)� 2025� 9� 2� 주당 $93.22� 나스� 보통� 2,105주를 매도했다� 보고했습니다. 해당 거래� 2025� 2� 10� 채택� Rule 10b5-1(c) 거래계획� 따른 것입니다. 보고� 거래 � 그는 � 90,446주의 실소유권� 보유했으�, 이는 제한부 주식 39,859�(권리취득� 5,737�), 권리취득� PSU(성과기준주식) 기초주식 46,868�, 그리� 회사� 직원주식구매계획(ESPP)� 통해 구매� 3,719주로 구성됩니�.
L'initié de Nasdaq, Inc., Jeremy Skule, EVP et CSO, a déclaré la vente de 2 105 actions ordinaires Nasdaq le 02/09/2025 au prix de 93,22 $ par action, dans le cadre d'un plan de trading conforme à la Rule 10b5-1(c) adopté le 10 février 2025. Après la transaction déclarée, il détenait à titre bénéficiaire 90 446 actions, composées de 39 859 actions restreintes (5 737 acquises), 46 868 actions sous-jacentes à des PSU acquises et 3 719 actions achetées via le plan d'achat d'actions des employés (ESPP) de la société.
Der Insider von Nasdaq, Inc., Jeremy Skule, EVP und CSO, meldete den Verkauf von 2.105 Nasdaq-Stammaktien am 02.09.2025 zu einem Preis von $93,22 je Aktie im Rahmen eines Handelsplans gemäß Rule 10b5-1(c), der am 10. Februar 2025 beschlossen wurde. Nach der gemeldeten Transaktion hielt er wirtschaftlich 90.446 Aktien, bestehend aus 39.859 eingeschränkten Aktien (davon 5.737 unverfallbar), 46.868 Aktien aus bereits unverfallten PSU und 3.719 Aktien, die über den Mitarbeiter-Aktienkaufplan (ESPP) des Unternehmens erworben wurden.