Torgeby Johan 4

What Happened
Johan Torgeby, a director of Nasdaq, purchased 12,000 shares of Nasdaq, Inc. (NDAQ) in an open-market transaction on February 17, 2026. The shares were bought at $79.86 per share for a total outlay of approximately $958,320. This was a purchase (not a sale), which many investors view as a more informative signal than routine sales.

Key Details

• Transaction date and price: 2026-02-17 — 12,000 shares acquired at $79.86 each (total ≈ $958,320). Transaction code: P (purchase).
• Filing: Form 4 filed on 2026-02-19 (timely reporting of the 2/17 trade).
• Footnote F1: Discloses (i) 14,797 RSUs granted under Nasdaq’s Equity Incentive Plan (11,802 of those RSUs are vested as of the filing) and (ii) 26,000 shares of common stock acquired through open-market purchases (per the footnote).
• Shares owned after transaction: Not explicitly stated on the Form 4; see footnote for related RSUs and prior open-market purchases.

Context
This was a straightforward open-market purchase by a company director. Purchases by insiders can signal confidence but are not proof of future performance; no options exercise, gifts, or 10b5-1 trading plan were reported in this filing.