Tal Cohen 4
4 · NASDAQ, INC. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
Nasdaq (NDAQ) Pres. Tal Cohen Withholds 1,565 Shares for Taxes
What Happened
Tal Cohen, President, Market Platforms at Nasdaq, had 1,565 shares withheld on April 3, 2026 to satisfy tax withholding related to the settlement of an equity award. The shares were valued at $86.65 each, for a total of $135,607. This was a tax-withholding/cashless-type disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-03; filing date (Form 4): 2026-04-07. Filing appears timely.
- Price: $86.65 per share; total value reported: $135,607.
- Shares withheld/disposed: 1,565 (to cover tax liability).
- Shares/units beneficially owned after the transaction (per footnote F2): 230,726 total, consisting of:
- 126,563 restricted stock/units (53,203 vested),
- 102,535 shares underlying performance stock units (89,693 vested),
- 1,628 shares purchased under the Employee Stock Purchase Plan.
- Footnote F1: withholding was to cover taxes in connection with settlement of an equity award.
Context
Tax-withholding dispositions are routine administrative actions when equity awards vest or are settled and do not necessarily signal insider buying or selling intent. This transaction simply reduced Cohen’s share count by the number withheld to satisfy tax obligations.
Insider Transaction Report
Form 4
NASDAQ, INC.NDAQ
Tal Cohen
Pres. Market Platforms
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
[F1][F2]2026-04-03$86.65/sh−1,565$135,607→ 230,726 total
Footnotes (2)
- [F1]Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
- [F2]Represents (i) 126,563 shares or units of restricted stock, of which 53,203 are vested, (ii) 102,535 shares of Common Stock underlying PSUs, 89,693 of which are vested, and (iii) 1,628 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
Signature
/s/ Alex Kogan, by power of attorney|2026-04-07