Nasdaq President of Market Platforms Disposes of $1.07M in Common Stock

Executive Insider Sale at Nasdaq, Inc. (NDAQ)

On October 23, 2026, Tal Cohen, President of Market Platforms at Nasdaq, Inc., executed an open-market sale of 10,390 shares of Common Stock at a weighted average price of $103.34 per share, generating gross proceeds of approximately $1.07 million.

Key Details:

• Transaction Type: Open-market sale (Code S)
• Rule 10b5-1 Trading Plan: Not indicated (aff10b5One is false)
• Price Range: Sold across multiple tranches ranging from $103.14 to $103.51
• Post-Transaction Holdings: 205,076 shares/units directly owned, which includes 116,173 restricted stock units (42,813 vested), 87,017 shares underlying PSUs (74,175 vested), and 1,886 shares held via the Employee Stock Purchase Plan.

Market Context & Significance:

This transaction represents a sale of roughly 4.8% of the reporting owner's total equity position. While open-market sales by senior division heads without an affirmative 10b5-1 disclosure often catch investor attention, the insider retains a substantial stake exceeding 200,000 shares/units, suggesting continuity of interest in the firm's long-term operational performance.