The dollar value of these sales is too small to be a meaningful signal for a $53B company. Monitor for larger insider sales or a pattern of sustained selling by multiple C-suite officers before reading this as bearish. The cluster is likely routine portfolio diversification.
Price Chart
Executive Summary
Three NDAQ executives (EVP/CIO, EVP/CSO, EVP/CPO) sold a total of ~$934K in open-market sales over a 7-day window. While the dollar amount is trivial relative to NDAQ's $53.1B market cap (~0.0018%), the cluster involves multiple C-suite officers selling concurrently, which warrants attention. The sales are not part of a clear 10b5-1 pattern based on the data provided, but the absolute size is too small to be a material bearish signal for a company of this scale.
Key Financial Metrics
Key Facts
- Three NDAQ executives sold shares in open-market transactions totaling ~$934K between Aug 3-10, 2026
- Sales represent ~0.0018% of NDAQ's $53.1B market cap — a trivial amount
- Sellers: EVP/CIO Bradley Peterson ($573K), EVP/CSO Jeremy Skule ($213K), EVP/CPO Bryan Smith ($148K)
- No 10b5-1 plan pattern is evident from the provided data, but the small size suggests routine portfolio diversification
Financial Impact
~$934K in insider sales, representing 0.0018% of market cap
Risk Factors
- If this selling accelerates in size or frequency, it could signal growing insider caution
- No material risk from current cluster given trivial size relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NDAQ-1786565194480 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Press Release | $99.35 $94.55 | ▼ −4.83% | ▼ −4.32% | $90.52 (−8.89%) |
Aug 12, 2026 7w ago | Insider Cluster | $97.59 $91.19 | ▼ −6.56% | ▼ −4.81% | $90.52 (−7.24%) |
Aug 11, 2026 7w ago | Insider Cluster | $95.66 $92.01 | ▼ −3.82% | ▼ −1.92% | $90.52 (−5.37%) |
Aug 5, 2026 8w ago | Insider Cluster | $94.56 $95.72 | ▲ +1.23% | ▲ +1.83% | $90.52 (−4.27%) |
Aug 3, 2026 8w ago | Press Release | $93.62 $97.54 | ▲ +4.19% | ▲ +5.43% | $90.52 (−3.31%) |
Aug 3, 2026 8w ago | Press Release | $93.62 $97.54 | ▲ +4.19% | ▲ +5.43% | $90.52 (−3.31%) |
Jul 31, 2026 9w ago | Insider Cluster | $94.19 $99.31 | ▲ +5.44% | ▲ +2.45% | $90.52 (−3.90%) |
Jul 28, 2026 9w ago | Insider Cluster | $95.96 $98.73 | ▲ +2.89% | ▼ −0.49% | $90.52 (−5.67%) |
Jul 23, 2026 10w ago | 8-K | $90.42 $97.55 | ▲ +7.89% | ▲ +4.58% | $90.52 (+0.11%) |
Jul 20, 2026 10w ago | Press Release | $91.87 $96.68 | ▲ +5.24% | ▲ +1.11% | $90.52 (−1.47%) |
US Market Status
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