Nasdaq, Inc. (NDAQ) Insider Trading

Last 12 months

Insiders bought $958k and sold $87M on the open market.

91% of the selling was scheduled in advance under 10b5-1 plans. Pres. Capital Access Platforms Pc Nelson Griggs sold $1.66M on Jul 27, 7.6% of their stake, outside a plan.

Net open-market

−$86M

1 buy · 27 sales

Under a 10b5-1 plan

91%

of the value sold

Insiders who bought / sold

1 / 8

executives and directors

Last open-market buy

Feb 2026

Feb 17, 2026

Get an email when NDAQ's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Oct 20	Jeremy Skule EVP, CSO	Sold10b5-1 plan	1,125	$95.00	$107k	1.2%	Form 4
Oct 12	Jeremy Skule EVP, CSO	Sold10b5-1 plan	1,125	$94.13	$106k	1.1%	Form 4
Sep 22	Jeremy Skule EVP, CSO	Sold10b5-1 plan	1,125	$95.00	$107k	1.1%	Form 4
Sep 10	Jeremy Skule EVP, CSO	Sold10b5-1 plan	1,125	$94.22	$106k	1.1%	Form 4
Aug 10	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,250	$94.75	$213k	2.2%	Form 4
Aug 10	Pc Nelson Griggs Pres. Capital Access Platforms	SoldNo plan	3,226	$96.16	$310k	1.6%	Form 4
Aug 7	Bradley J Peterson EVP, CIO	SoldNo plan	6,000	$95.55	$573k	4.7%	Form 4
Aug 3	Bryan Everard Smith EVP, CPO	Sold10b5-1 plan	1,556	$95.07	$148k	2.2%	Form 4
Jul 29	Pc Nelson Griggs Pres. Capital Access Platforms	SoldNo plan	11,010	$96.35	$1.06M	5.1%	Form 4
Jul 24 – 27	Pc Nelson Griggs Pres. Capital Access Platforms	SoldNo plan 2 parts	17,787	$93.42 average	$1.66M	7.6%	Form 4
Jul 24	Bradley J Peterson EVP, CIO	SoldNo plan	13,000	$92.61	$1.2M	9.2%	Form 4
Jul 1	Bryan Everard Smith EVP, CPO	Sold10b5-1 plan	3,000	$80.00	$240k	4.2%	Form 4
Jun 11	Ab Investor Large holder	Bought	56,782	$85.98	$4.88M	<0.1%	Form 4
Jun 11	Bryan Everard Smith EVP, CPO	Sold10b5-1 plan	3,000	$86.91	$261k	4.0%	Form 4
May 18	Pc Nelson Griggs Pres. Capital Access Platforms	SoldNo plan	5,093	$92.62	$472k	2.1%	Form 4
Apr 28	Bradley J Peterson EVP, CIO	SoldNo plan	7,710	$90.82	$700k	5.2%	Form 4
Apr 27	Cohen Tal Pres. Market Platforms	SoldNo plan	15,518	$90.75	$1.41M	6.7%	Form 4
Apr 24	Michelle Lynn Daly SVP, Controller & PAO	SoldNo plan 2 parts	1,323	$88.82 average	$118k	12%	Form 4
Apr 1	Adena T Friedman Chair and CEO	Sold10b5-1 plan	113,611	$85.44	$9.71M	5.0%	Form 4
Mar 6	Adena T Friedman Chair and CEO	Sold10b5-1 plan	92,840	$90.08	$8.36M	4.0%	Form 4
Mar 2	Bryan Everard Smith EVP, CPO	Sold10b5-1 plan	6,000	$87.24	$523k	7.8%	Form 4
Feb 19	Michelle Lynn Daly SVP, Controller & PAO	SoldNo plan	4,339	$81.34	$353k	29%	Form 4
Feb 17	Johan Torgeby Director	Bought	12,000	$79.86	$958k	42%	Form 4
Feb 13	Ab Investor Large holder	Bought	200,000	$79.18	$15.8M	0.3%	Form 4
Feb 2	Adena T Friedman Chair and CEO	Sold10b5-1 plan	300,000	$96.91	$29.1M	13%	Form 4
Jan 6	John Zecca EVP, Global CLO	Sold10b5-1 plan	4,500	$100.01	$450k	3.5%	Form 4
Jan 2	Adena T Friedman Chair and CEO	Sold10b5-1 plan	300,000	$96.39	$28.9M	13%	Form 4
Dec 1, 2025	Bryan Everard Smith EVP, CPO	Sold10b5-1 plan	4,633	$90.57	$420k	7.4%	Form 4
Dec 1, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,105	$90.57	$191k	2.5%	Form 4
Nov 3, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,105	$85.40	$180k	2.4%	Form 4
Oct 1, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,105	$88.22	$186k	2.4%	Form 4
Sep 2, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,105	$93.22	$196k	2.3%	Form 4
Aug 4, 2025	Charlene T Begley Director	SoldNo plan	3,000	$96.60	$290k	6.1%	Form 4
Aug 1, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,105	$95.49	$201k	2.2%	Form 4
Jul 25, 2025	Michelle Lynn Daly SVP, Controller & PAO	SoldNo plan	8,691	$93.45	$812k	49%	Form 4
Jul 2, 2025	Bradley J Peterson EVP, CIO	Sold10b5-1 plan	11,508	$88.87	$1.02M	9.4%	Form 4
Jul 1, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,105	$89.17	$188k	2.2%	Form 4
Jun 6, 2025	Pc Nelson Griggs Pres. Capital Access Platforms	SoldNo plan	4,000	$85.22	$341k	1.9%	Form 4
Jun 6, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	2,104	$85.00	$179k	2.1%	Form 4
Jun 2, 2025	Jeremy Skule EVP, CSO	Sold10b5-1 plan	1,053	$83.28	$88k	1.1%	Form 4

Oct 2010b5-1 plan
Jeremy Skule
EVP, CSO · sold 1,125 at $95.00
$107k
1.2% of stake
Oct 1210b5-1 plan
Jeremy Skule
EVP, CSO · sold 1,125 at $94.13
$106k
1.1% of stake
Sep 2210b5-1 plan
Jeremy Skule
EVP, CSO · sold 1,125 at $95.00
$107k
1.1% of stake
Sep 1010b5-1 plan
Jeremy Skule
EVP, CSO · sold 1,125 at $94.22
$106k
1.1% of stake
Aug 1010b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,250 at $94.75
$213k
2.2% of stake
Aug 10No plan
Pc Nelson Griggs
Pres. Capital Access Platforms · sold 3,226 at $96.16
$310k
1.6% of stake
Aug 7No plan
Bradley J Peterson
EVP, CIO · sold 6,000 at $95.55
$573k
4.7% of stake
Aug 310b5-1 plan
Bryan Everard Smith
EVP, CPO · sold 1,556 at $95.07
$148k
2.2% of stake
Jul 29No plan
Pc Nelson Griggs
Pres. Capital Access Platforms · sold 11,010 at $96.35
$1.06M
5.1% of stake
Jul 24 – 27No plan
Pc Nelson Griggs
Pres. Capital Access Platforms · sold 17,787 at avg $93.42
$1.66M
7.6% of stake
Jul 24No plan
Bradley J Peterson
EVP, CIO · sold 13,000 at $92.61
$1.2M
9.2% of stake
Jul 110b5-1 plan
Bryan Everard Smith
EVP, CPO · sold 3,000 at $80.00
$240k
4.2% of stake
Jun 11
Ab Investor
Large holder · bought 56,782 at $85.98
$4.88M
<0.1% of stake
Jun 1110b5-1 plan
Bryan Everard Smith
EVP, CPO · sold 3,000 at $86.91
$261k
4.0% of stake
May 18No plan
Pc Nelson Griggs
Pres. Capital Access Platforms · sold 5,093 at $92.62
$472k
2.1% of stake
Apr 28No plan
Bradley J Peterson
EVP, CIO · sold 7,710 at $90.82
$700k
5.2% of stake
Apr 27No plan
Cohen Tal
Pres. Market Platforms · sold 15,518 at $90.75
$1.41M
6.7% of stake
Apr 24No plan
Michelle Lynn Daly
SVP, Controller & PAO · sold 1,323 at avg $88.82
$118k
12% of stake
Apr 110b5-1 plan
Adena T Friedman
Chair and CEO · sold 113,611 at $85.44
$9.71M
5.0% of stake
Mar 610b5-1 plan
Adena T Friedman
Chair and CEO · sold 92,840 at $90.08
$8.36M
4.0% of stake
Mar 210b5-1 plan
Bryan Everard Smith
EVP, CPO · sold 6,000 at $87.24
$523k
7.8% of stake
Feb 19No plan
Michelle Lynn Daly
SVP, Controller & PAO · sold 4,339 at $81.34
$353k
29% of stake
Feb 17
Johan Torgeby
Director · bought 12,000 at $79.86
$958k
42% of stake
Feb 13
Ab Investor
Large holder · bought 200,000 at $79.18
$15.8M
0.3% of stake
Feb 210b5-1 plan
Adena T Friedman
Chair and CEO · sold 300,000 at $96.91
$29.1M
13% of stake
Jan 610b5-1 plan
John Zecca
EVP, Global CLO · sold 4,500 at $100.01
$450k
3.5% of stake
Jan 210b5-1 plan
Adena T Friedman
Chair and CEO · sold 300,000 at $96.39
$28.9M
13% of stake
Dec 1, 202510b5-1 plan
Bryan Everard Smith
EVP, CPO · sold 4,633 at $90.57
$420k
7.4% of stake
Dec 1, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,105 at $90.57
$191k
2.5% of stake
Nov 3, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,105 at $85.40
$180k
2.4% of stake
Oct 1, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,105 at $88.22
$186k
2.4% of stake
Sep 2, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,105 at $93.22
$196k
2.3% of stake
Aug 4, 2025No plan
Charlene T Begley
Director · sold 3,000 at $96.60
$290k
6.1% of stake
Aug 1, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,105 at $95.49
$201k
2.2% of stake
Jul 25, 2025No plan
Michelle Lynn Daly
SVP, Controller & PAO · sold 8,691 at $93.45
$812k
49% of stake
Jul 2, 202510b5-1 plan
Bradley J Peterson
EVP, CIO · sold 11,508 at $88.87
$1.02M
9.4% of stake
Jul 1, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,105 at $89.17
$188k
2.2% of stake
Jun 6, 2025No plan
Pc Nelson Griggs
Pres. Capital Access Platforms · sold 4,000 at $85.22
$341k
1.9% of stake
Jun 6, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 2,104 at $85.00
$179k
2.1% of stake
Jun 2, 202510b5-1 plan
Jeremy Skule
EVP, CSO · sold 1,053 at $83.28
$88k
1.1% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch NDAQ, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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