Daly Michelle Lynn 4

What Happened

• Michelle Lynn Daly, SVP, Controller & Principal Accounting Officer of Nasdaq, sold 4,339 shares of Nasdaq common stock in an open-market sale on February 19, 2026.
• The shares were sold at $81.34 per share, for total proceeds of $352,934.
• This was a sale (S) transaction — sales by insiders can be routine (e.g., liquidity, tax planning) and are not, by themselves, conclusive evidence of a change in view on the company.

Key Details

• Transaction date: 2026-02-19; filing date: 2026-02-23 (filed within the expected Form 4 window).
• Price per share: $81.34; shares sold: 4,339; gross proceeds: $352,934.
• Shares owned after the transaction: not specified in the provided data.
• Footnote (F1): indicates holdings including (i) 7,212 restricted stock units (0 vested), (ii) 1,764 common shares underlying performance stock units (none vested), and (iii) 1,667 shares purchased under the company ESPP.
• No option exercises, gifts, or 10b5-1 plan mention in the provided details.

Context

• This was a straightforward open-market sale. For retail investors, single sales should be considered alongside broader patterns of insider buying/selling, total insider holdings, and company fundamentals.
• The footnote shows a sizable portion of Daly’s reported position consists of unvested awards (restricted stock and PSUs), which are not immediately tradable.