Torgeby Johan 4

What Happened

• Johan Torgeby, a director of Nasdaq, received an award of 2,998 restricted stock units (RSUs) on June 10, 2026 (transaction code A). The RSUs were granted at $0.00 (contingent units that convert to one share each upon vesting).
• On June 11, 2026, 300 shares were surrendered (transaction code F) to satisfy tax withholding associated with a prior vesting; those 300 shares were recorded at $86.72 per share for a total of $26,016. This surrender to cover taxes is a routine withholding event, not an open-market sale.

Key Details

• Transaction dates/prices: 2026-06-10 — 2,998 RSUs granted (A) @ $0.00; 2026-06-11 — 300 shares surrendered (F) @ $86.72, totaling $26,016.
• Reported holdings (per filing footnotes): references to 17,495 RSUs (14,497 vested as of the filing) and 26,000 shares of common stock acquired via open-market purchases. The filing shows 300 shares were surrendered to cover taxes in connection with a vesting.
• Vesting detail: the 2,998 RSUs vest in full on June 10, 2027 (per footnote).
• Filing timeliness: the Form 4 was filed on Jun 12, 2026 for transactions on Jun 10–11, 2026; no late filing is indicated.
• Transaction codes explained: A = award/grant of RSUs; F = shares surrendered to pay tax withholding.

Context

• RSUs are a contingent right to receive company shares at vesting and are not an open-market purchase or a directional buy/sell signal until they convert to shares and are traded. Surrendering shares to cover taxes is a common administrative step and typically does not indicate a director’s change in view on the stock.