SEC Form 4
Nasdaq, Inc. (NDAQ) insider trading
In the 12 months to Oct 24, 2026, 8 NDAQ insiders reported open-market sales of $87.0M across 27 filings; 3 insiders bought $21.7M.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $87.0M
- 27 filings · 8 insiders
- Open-market purchases
- $21.7M
- 3 filings
- Pre-arranged sales (10b5-1)
- 17 of 27
- $79.1M of $87.0M sold (91%)
Who traded NDAQ, and when
- Purchase
- Sale
- Sale, pre-arranged (10b5-1)
NDAQ daily close from Oct 24, 2025 to Oct 23, 2026, between $76.85 and $103.30, last $102.56. 27 sale and 3 purchase filings by 11 insiders, marked at their filing dates. Adena T. Friedman, Chair and CEO: sold $76.1M across 4 filings, first filed Jan 6, 2026, last Apr 2, 2026. Ab Investor, 10% owner: bought $15.8M across 1 filing, first filed Feb 13, 2026, last Feb 13, 2026. AB Innax, 10% owner: bought $4.9M across 1 filing, first filed Jun 15, 2026, last Jun 15, 2026. PC Nelson Griggs, Pres. Capital Access Platforms: sold $3.5M across 4 filings, first filed May 20, 2026, last Aug 12, 2026. Bradley J. Peterson, EVP, CIO: sold $2.5M across 3 filings, first filed Apr 30, 2026, last Aug 11, 2026. Bryan Everard Smith, EVP, CPO: sold $1.6M across 5 filings, first filed Dec 3, 2025, last Aug 5, 2026. Johan Torgeby, Director: bought $958.3K across 1 filing, first filed Feb 19, 2026, last Feb 19, 2026. 4 others: sold $3.3M across 11 filings, first filed Nov 5, 2025, last Oct 22, 2026.
Largest mark · tap a row for others
Adena T. Friedman · Chair and CEO
Sale $29,073,000
300,000 shares at $96.91 avg
Filed Feb 3, 2026 · traded Feb 2
Pre-arranged (10b5-1) · close on filing date $87.71
Adena T. Friedman · Chair and CEO
Chair and CEO
$76.1M soldAb Investor · 10% owner
10% owner
$15.8M boughtAB Innax · 10% owner
10% owner
$4.9M boughtPC Nelson Griggs · Pres. Capital Access Platforms
Pres. Capital Access Platforms
$3.5M soldBradley J. Peterson · EVP, CIO
EVP, CIO
$2.5M soldBryan Everard Smith · EVP, CPO
EVP, CPO
$1.6M soldJohan Torgeby · Director
Director
$958.3K bought4 others
Combined, one mark per week
$3.3M soldHas Nasdaq, Inc.'s CEO sold stock?
Yes. Adena T. Friedman (CEO) sold 806,451 shares ($76.1M) between Jan 2026 and Apr 2026, all under a pre-arranged 10b5-1 plan.
Open-market trades
30 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Adena T. Friedman | Chair and CEO | $76.1M | — | 4 | 100% of sales | |
| Ab Investor | 10% owner | — | $15.8M | 1 | — | |
| AB Innax | 10% owner | — | $4.9M | 1 | — | |
| PC Nelson Griggs | Pres. Capital Access Platforms | $3.5M | — | 4 | — | |
| Bradley J. Peterson | EVP, CIO | $2.5M | — | 3 | — | |
| Bryan Everard Smith | EVP, CPO | $1.6M | — | 5 | 100% of sales | |
| Cohen Tal | Pres. Market Platforms | $1.4M | — | 1 | — | |
| Jeremy Skule | EVP, CSO | $1.0M | — | 7 | 100% of sales | |
| Johan Torgeby | Director | — | $958.3K | 1 | — | |
| Michelle Lynn Daly | SVP, Controller & PAO | $470.4K | — | 2 | — | |
| John Zecca | EVP, Global CLO | $450.0K | — | 1 | 100% of sales |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Jeremy Skule EVP, CSO | SalePre-arranged (10b5-1) | 1,125 | $95.00 | $106.9K | 96,561 | |
traded | Jeremy Skule EVP, CSO | SalePre-arranged (10b5-1) | 1,125 | $94.13 | $105.9K | 97,686 | |
traded | Jeremy Skule EVP, CSO | SalePre-arranged (10b5-1) | 1,125 | $95.00 | $106.9K | 100,073 | |
traded | Jeremy Skule EVP, CSO | SalePre-arranged (10b5-1) | 1,125 | $94.22 | $106.0K | 101,198 | |
traded | PC Nelson Griggs Pres. Capital Access Platforms | Sale | 3,226 | $96.16 | $310.2K | 201,775 | |
traded | Jeremy Skule EVP, CSO | SalePre-arranged (10b5-1) | 2,250 | $94.75 | $213.2K | 102,323 | |
traded | Bradley J. Peterson EVP, CIO | Sale | 6,000 | $95.55 | $573.3K | 122,293 | |
traded | Bryan Everard Smith EVP, CPO | SalePre-arranged (10b5-1) | 1,556 | $95.07 | $147.9K | 67,647 | |
traded | PC Nelson Griggs Pres. Capital Access Platforms | Sale | 11,010 | $96.35 | $1.1M | 205,001 | |
traded | PC Nelson Griggs Pres. Capital Access Platforms | Sale | 17,787 | $93.42 | $1.7M | 216,011 | |
traded | Bradley J. Peterson EVP, CIO | Sale | 13,000 | $92.61 | $1.2M | 128,293 | |
traded | Bryan Everard Smith EVP, CPO | SalePre-arranged (10b5-1) | 3,000 | $80.00 | $240.0K | 69,203 | |
traded | Bryan Everard Smith EVP, CPO | SalePre-arranged (10b5-1) | 3,000 | $86.91 | $260.7K | 71,944 | |
traded | AB Innax 10% owner | Purchase | 56,782 | $85.98 | $4.9M | 58,439,208 | |
traded | PC Nelson Griggs Pres. Capital Access Platforms | Sale | 5,093 | $92.62 | $471.7K | 233,798 | |
traded | Bradley J. Peterson EVP, CIO | Sale | 7,710 | $90.82 | $700.2K | 141,035 | |
traded | Cohen Tal Pres. Market Platforms | Sale | 15,518 | $90.75 | $1.4M | 215,208 | |
traded | Michelle Lynn Daly SVP, Controller & PAO | Sale | 1,323 | $88.82 | $117.5K | 10,089 | |
traded | Adena T. Friedman Chair and CEO | SalePre-arranged (10b5-1) | 113,611 | $85.44 | $9.7M | 1,965,751 | |
traded | Adena T. Friedman Chair and CEO | SalePre-arranged (10b5-1) | 92,840 | $90.08 | $8.4M | 2,079,323 | |
traded | Bryan Everard Smith EVP, CPO | SalePre-arranged (10b5-1) | 6,000 | $87.24 | $523.4K | 70,860 | |
traded | Michelle Lynn Daly SVP, Controller & PAO | Sale | 4,339 | $81.34 | $352.9K | 10,643 | |
traded | Johan Torgeby Director | Purchase | 12,000 | $79.86 | $958.3K | 40,797 | |
traded | Ab Investor 10% owner | Purchase | 200,000 | $79.18 | $15.8M | 58,382,426 | |
traded | Adena T. Friedman Chair and CEO | SalePre-arranged (10b5-1) | 300,000 | $96.91 | $29.1M | 1,924,903 | |
traded | John Zecca EVP, Global CLO | SalePre-arranged (10b5-1) | 4,500 | $100.01 | $450.0K | 125,674 | |
traded | Adena T. Friedman Chair and CEO | SalePre-arranged (10b5-1) | 300,000 | $96.39 | $28.9M | 1,924,903 | |
traded | Jeremy Skule EVP, CSO | SalePre-arranged (10b5-1) | 2,105 | $90.57 | $190.6K | 82,869 | |
traded | Bryan Everard Smith EVP, CPO | SalePre-arranged (10b5-1) | 4,633 | $90.57 | $419.6K | 57,670 | |
traded | Jeremy Skule EVP, CSO | SalePre-arranged (10b5-1) | 2,105 | $85.40 | $179.8K | 84,974 |
GET /stocks/filings/vX/form-4?tickers=NDAQ&filing_date.gte=2025-10-24&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"NDAQ"
],
"issuer_cik": "0001120193",
"owner_cik": "0001736565",
"accession_number": "0001193125-26-428912",
"form_type": "4",
"filing_date": "2026-10-22",
"period_of_report": "2026-10-20",
"issuer_name": "NASDAQ, INC.",
"issuer_trading_symbol": "NDAQ",
"owner_name": "SKULE JEREMY",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "EVP, CSO",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock, par value $0.01 per share",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-10-20",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 1125,
"transaction_price_per_share": 95,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 96561,
"transaction_value": 106875,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026."
},
{
"id": "F2",
"description": "Represents (i) 34,249 shares or units of restricted stock, of which 10,570 are vested, (ii) 58,593 shares of Common Stock underlying PSUs, 50,567 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan."
}
]
},
{
"tickers": [
"NDAQ"
],
"issuer_cik": "0001120193",
"owner_cik": "0001736565",
"accession_number": "0001193125-26-421659",
"form_type": "4",
"filing_date": "2026-10-14",
"period_of_report": "2026-10-12",
"issuer_name": "NASDAQ, INC.",
"issuer_trading_symbol": "NDAQ",
"owner_name": "SKULE JEREMY",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "EVP, CSO",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock, par value $0.01 per share",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-10-12",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 1125,
"transaction_price_per_share": 94.13,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 97686,
"transaction_value": 105896.25,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026."
},
{
"id": "F2",
"description": "Represents (i) 34,249 shares or units of restricted stock, of which 10,570 are vested, (ii) 59,718 shares of Common Stock underlying PSUs, 51,692 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 73 records
- Option exercises4 records
- Tax withholding29 records
- Grants and awards36 records
- Gifts4 records
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for NDAQ every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.
- Counted once
- When several owners (a fund and its partners, say) report the same trade, it's counted once. Corrected filings replace the originals.