SVP Controller Michelle Lynn Daly sells 8,691 NDAQ shares at $93.45; reduces holdings 49.5% to 8,879 shares
Daly, serving as SVP, Controller & PAO, executed a sale of 8,691 shares on 2025-07-25 at $93.45, reducing her post-transaction holdings to 8,879 shares—a 49.5% reduction from her pre-transaction position of 17,570 shares. The sale generated $812,173.95 in proceeds. The transaction occurred at a price notably below the current price of $95.83 and near the top of the 52-week range ($62.73–$95.83), reflecting stock strength; the stock has appreciated 25.7% over the prior 90 days and 7.6% over 30 days. NASDAQ's fundamentals show annual revenue growth of 22.0%, quarterly revenue of $2.1B, and net income of $452.0M, though the P/E of 36.44 suggests elevated valuation expectations. The magnitude of this insider reduction—dividing her position nearly in half—represents a material decrease in her direct equity stake and warrants examination of the underlying circumstances behind this substantial position decrease.