Insider trade

Officer sold ~$240K of NDAQ shares in the open market

Traded Jul 1, 2026 · Filed Jul 2, 2026

Nasdaq, Inc.NDAQ

~$240K
Reported value · 3,000 sh @ $80.00: 69K
Holds after · shares reported: +10.8%
stock since the trade · S&P 500 +2.4%, $82.73 → $91.67 on Oct 1

Why it stands out

Nasdaq, Inc.'s CPO sold $240K of Nasdaq, Inc. shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Jul 1, 2026
Reporting period: Not applicable
Filed with the SEC: Jul 2, 2026

Officer$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$240,000

Shares × reported transaction price

Timing vs results

69 days after results of Apr 23, 2026, 22 days before results of Jul 23, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $82.73 on Jul 1, 2026, 8% above its 52-week low and 18% below its high, after an 11% drop over the previous 30 trading days

52-week range $76.845 (Jun 29, 2026) to $100.98 (Jan 16, 2026), 24% of the way up, from 251 adjusted closes. 30 trading days earlier: $92.60 on May 18, 2026. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+5.6%	-0.3%	+5.9%
30 days	+11.9%	+2.5%	+9.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-26-294475
Filed / recorded: Jul 2, 2026, 8:05 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: NASDAQ, INC.
Issuer CIK: 1120193
Ticker: NDAQ
Reporting person: Bryan Everard Smith
Relationship: Officer
Officer title: EVP, CPO
Security: Common Stock, par value $0.01 per share
Table: Non-derivative (Table I)
Transaction date: Jul 1, 2026
Transaction code: S
Shares / units: 3,000
Price per share: $80.00
Acquired / disposed: Disposed (D)
Shares owned after: 69,203
Ownership form: Direct
Amendment: No

Footnotes from the filing

The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026.
Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested, (ii) 41,758 shares of Common Stock underlying PSUs, 33,732 of which are vested, and (iii) 4,882 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

Around the same time

Officer sold ~$1.06M of Nasdaq, Inc.

Automatic sale2mo ago

Officer sold ~$1.2M of Nasdaq, Inc.

Automatic sale2mo ago

Officer sold2mo ago

~$627KReported value · 6,777 sh @ $92.53

Nasdaq, Inc.'s Pres. Capital Access Platforms sold $627K of Nasdaq, Inc. shares. Nobody planned it ahead of time.

Why it stands out Official record