Nasdaq (NDAQ) CEO Adena Friedman gifts 113,572 company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nasdaq, Inc. Chair and CEO Adena Friedman reported charitable gifts of 113,572 shares of Nasdaq common stock, recorded as bona fide gifts with no sale proceeds. The donated shares went to a charitable institution and a donor-advised fund, and she no longer has voting or investment control over them.
After these gifts, Friedman holds 1,965,751 Nasdaq common shares directly, plus additional indirect holdings through two family trusts that each hold 73,500 shares. She also retains employee stock options covering 113,611 shares at an exercise price of $22.22, expiring on January 3, 2027, and 306,936 shares at $67.48, expiring on January 3, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
113,572 shares gifted
Mixed
6 txns
Insider
FRIEDMAN ADENA T
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, par value $0.01 per share | 56,786 | $0.00 | -- |
| Gift | Common Stock, par value $0.01 per share | 56,786 | $0.00 | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 2,022,537 shares (Direct);
Employee Stock Option (Right to Buy) — 113,611 shares (Direct);
Common Stock, par value $0.01 per share — 73,500 shares (Indirect, Held by the A.T. Friedman Irrevocable Trust No.1)
Footnotes (1)
- Reflects shares gifted by the reporting person to a charitable institution. The reporting person does not exercise voting or investment control, directly or indirectly, over the recipient or the donated shares following this transfer. Reflects shares gifted by the reporting person to a donor advised fund. The reporting person does not exercise voting or investment control, directly or indirectly, over the donated shares following this transfer. Represents (i) 440,450 shares or units of restricted stock, of which 314,204 are vested, (ii) 1,411,948 shares of Common Stock underlying PSUs, 1,370,208 of which are vested, (iii) 10,000 shares of Common Stock acquired through open market purchases, and (iv) 103,353 shares granted under the Issuer's Equity Incentive Plan or the Issuer's Employee Stock Purchase Plan when the reporting person was an employee of the Issuer prior to returning as President in 2014. Reflects shares gifted for estate planning purposes to a family trust for the benefit of the reporting person's child, of which the reporting person's spouse is the trustee and the reporting person's brother is the investment advisor. The option is currently exercisable. The option vests on January 3, 2027.
FAQ
What insider transaction did Nasdaq (NDAQ) CEO Adena Friedman report?
Adena Friedman reported bona fide gifts of 113,572 Nasdaq common shares. The shares were donated to a charitable institution and a donor-advised fund, and she no longer has voting or investment control over the donated stock after these transfers.
Were Adena Friedman’s Nasdaq (NDAQ) transactions open-market sales or purchases?
The reported transactions were bona fide gifts, not open-market sales or purchases. The Form 4 uses transaction code G, indicating charitable transfers, and notes that Friedman does not retain voting or investment control over the donated shares following the gifts.
How are Adena Friedman’s indirect Nasdaq (NDAQ) holdings structured?
Friedman has indirect ownership of 73,500 Nasdaq shares in each of two irrevocable family trusts. One trust is identified as the A.T. Friedman Irrevocable Trust No.1 and the other as The A.T. Friedman Irrevocable Trust No.2, both holding Nasdaq common stock.