Nasdaq EVP & CSO Jeremy Skule Sells $105.9K in Shares Under 10b5-1 Plan

Executive Summary

On October 12, 2026, Jeremy Skule, Executive Vice President and Chief Strategy Officer of Nasdaq, Inc. (NASDAQ: NDAQ), sold 1,125 shares of common stock at an average price of $94.13 per share. The total transaction value was approximately $105,896.25. Following the transaction, Skule maintains direct beneficial ownership of 97,686 shares, which includes a mix of restricted stock, vested/unvested PSUs, and shares purchased via the employee stock purchase plan.

Transaction Details and Context

• Rule 10b5-1 Plan: The transaction was executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on May 7, 2026. This indicates that the sale was scheduled well in advance and not in response to short-term, material non-public developments.
• Portfolio Impact: The 1,125 shares sold represent approximately 1.14% of the insider's total reported equity position prior to the sale (98,811 shares).
• Remaining Holdings Breakdown: According to footnote disclosures, the remaining 97,686 shares include 34,249 shares/units of restricted stock (10,570 vested), 59,718 shares underlying performance share units (51,692 vested), and 3,719 shares held via the company ESPP.

Market and Trading Significance

The trading significance of this filing is categorized as Low. The disposition represents a routine, small-scale transaction executed pursuant to an established Rule 10b5-1 plan, leaving the executive with substantial continued equity alignment with shareholders.