Tal Cohen, President of Market Platforms at Nasdaq, Inc. (NASDAQ:NDAQ), filed a Form 4 on October 27, 2026, disclosing the sale of 10,390 shares of common stock on October 23, 2026.

Key Highlights

  • Shares sold: Tal Cohen disposed of 10,390 shares of Nasdaq, Inc. common stock (par value $0.01 per share) on October 23, 2026.
  • Weighted average price: The reported sale price was $103.34, a weighted average across multiple transactions ranging from $103.14 to $103.51, inclusive.
  • Remaining beneficial ownership: Following the transaction, Cohen directly held 205,076 shares or share equivalents, according to the filing.
  • Ownership composition: The 205,076 figure includes 116,173 shares or units of restricted stock (42,813 of which are vested), 87,017 shares underlying PSUs (74,175 of which are vested), and 1,886 shares purchased under the issuer's Employee Stock Purchase Plan.
  • Transaction code: The transaction was coded "S" (sale) and recorded as a direct disposition.
  • Filer role: Cohen is identified in the filing as an officer with the title "Pres. Market Platforms."

Cohen's October 23 Sale of Nasdaq Common Stock

According to the Form 4 filed with the SEC on October 27, 2026, Tal Cohen, who serves as President of Market Platforms at Nasdaq, Inc. (NASDAQ:NDAQ), sold 10,390 shares of the company's common stock on October 23, 2026. The filing reports the sale was executed in multiple transactions, with prices ranging from $103.14 to $103.51 per share, inclusive, and a weighted average price of $103.34. The filing notes that Cohen "undertakes to provide to the Issuer, any of its security holders, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range."

Following the reported sale, Cohen's total direct beneficial ownership stood at 205,076 shares or share equivalents, as disclosed in the filing. The filing breaks this figure down into three components: 116,173 shares or units of restricted stock, of which 42,813 are vested; 87,017 shares of common stock underlying performance stock units (PSUs), of which 74,175 are vested; and 1,886 shares of common stock purchased under the issuer's Employee Stock Purchase Plan.

The Form 4 was signed by Alex Kogan by power of attorney on October 27, 2026. No derivative securities transactions were reported in Table II of the filing. The filing does not indicate whether the transaction was made pursuant to a Rule 10b5-1 plan, as the corresponding checkbox on the form was not checked.

What Was Disclosed

The filing reports a single direct sale of 10,390 shares of Nasdaq, Inc. common stock by officer Tal Cohen on October 23, 2026, at a weighted average price of $103.34, leaving Cohen with 205,076 total shares or share equivalents beneficially owned.