Nasdaq Officer Jeremy Skule Files Form 144 to Sell $105.9K in Common Stock

Executive Summary

On October 13, 2026, Jeremy Skule, an Officer of Nasdaq, Inc. ($NDAQ), filed a Form 144 disclosing a proposed sale of 1,125 shares of common stock with an aggregate market value of approximately $105,896.25. The planned transaction date was October 12, 2026.

Transaction Details

• Filer: Jeremy Skule
• Title: Officer
• Shares Proposed for Sale: 1,125
• Aggregate Market Value: $105,896.25 (~$94.13 per share)
• Shares Outstanding: 558,977,372
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
• Origin of Shares: Acquired via performance shares from the issuer on February 19, 2025.

Trading Plan and Historical Activity

• Rule 10b5-1 Plan: The filing notes an adoption date of May 7, 2026, indicating the sales are pre-scheduled under a systematic trading plan.
• Past 3 Months Activity:
  • September 22, 2026: Sold 1,125 shares for gross proceeds of $106,875.00.
  • September 10, 2026: Sold 1,125 shares for gross proceeds of $105,997.50.
  • August 10, 2026: Sold 2,250 shares for gross proceeds of $213,187.50.

Market Significance

The proposed sale of 1,125 shares represents an insignificant fraction (<0.001%) of Nasdaq's 558.98 million outstanding shares. Given the low dollar amount and execution under a pre-established Rule 10b5-1 trading plan, this filing is considered routine and carries Low trading significance.