Daly Michelle Lynn 4

What Happened
Michelle Lynn Daly, Senior Vice President, Controller & Principal Accounting Officer of Nasdaq, sold a total of 1,323 shares in two open-market transactions on April 24, 2026. She sold 1,194 shares at $88.82 each for roughly $106,051 and 129 shares at $88.85 each for roughly $11,462, totaling about $117,513. These were sales (not purchases or option exercises) and are often routine insider disposals.

Key Details

• Transaction date: 2026-04-24 (listed on Form 4 filed 2026-04-28). Filing appears timely.
• Trades: 1,194 shares @ $88.82 (sale) and 129 shares @ $88.85 (sale).
• Total shares sold: 1,323; total proceeds ≈ $117,513.
• Shares/units reported in the filing after the transaction: the Form 4 notes beneficial ownership including 6,787 restricted shares (unvested), 1,764 PSU‑underlying shares (unvested), and 1,538 ESPP shares — totaling 10,089 shares/units (includes unvested awards).
• Footnote: F1 describes holdings (restricted stock and PSU awards are unvested).
• No 10b5‑1 plan, tax‑withholding disposition, or late‑filing flag is indicated in the provided data.

Context
This filing reports open‑market sales by an executive. Sales do not necessarily indicate a change in company outlook — they can be for personal or tax reasons. Purchases generally carry more weight as bullish signals; this Form 4 documents routine insider selling and does not show exercises or awards being converted to shares in these transactions.