Insider trade

Officer sold ~$186K of NDAQ shares in the open market

Traded Oct 1, 2025 · Filed Oct 3, 2025

Nasdaq, Inc.NDAQ

~$186K
Reported value · 2,105 sh @ $88.22: 88K
Holds after · shares reported: +5.5%
stock since the trade · S&P 500 +14.3%, $86.91 → $91.67 on Oct 1

Why it stands out

Nasdaq, Inc.'s CSO sold $186K 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: Oct 1, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 3, 2025

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

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$185,703

Shares × reported transaction price

Timing vs results

69 days after results of Jul 24, 2025, 20 days before results of Oct 21, 2025

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 $86.91 on Oct 1, 2025, 31% above its 52-week low and 10% below its high, after a 7% drop over the previous 30 trading days

52-week range $66.40 (Apr 8, 2025) to $96.94 (Aug 11, 2025), 67% of the way up, from 250 adjusted closes. 30 trading days earlier: $93.83 on Aug 19, 2025. 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	+1.4%	-1.3%	+2.7%
30 days	-3.0%	+0.9%	-3.9%
90 days	+11.7%	+2.4%	+9.3%
180 days	-0.3%	-1.9%	+1.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-25-230056
Filed / recorded: Oct 3, 2025, 8:00 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: Jeremy Skule
Relationship: Officer
Officer title: EVP, CSO
Security: Common Stock, par value $0.01 per share
Table: Non-derivative (Table I)
Transaction date: Oct 1, 2025
Transaction code: S
Shares / units: 2,105
Price per share: $88.22
Acquired / disposed: Disposed (D)
Shares owned after: 88,341
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 February 10, 2025.

Around the same time

12mo ago

Congress trade

$15,001 - $50,000Reported range · official band, not an exact amount

Held by the filer's dependent child per the disclosure. Disclosed 17 days after the transaction; reported as an official range, not an exact amount.

Why it stands out Official record