NDAQ Chief ExecutiveWhat Adena Friedman says in public, and what their own SEC filings show they own.
Chair & CEO · Nasdaq, Inc.
Chief executive since January 2017 and board chair since January 2023, and a Nasdaq veteran before that - head of data products, head of corporate strategy and CFO - with a spell as CFO of The Carlyle Group in between. She has spent her tenure converting an exchange into a software vendor, of which the $10.5 billion Adenza purchase is the largest single step.
Friedman owns about 0% of Nasdaq, Inc., worth $211.9M at the last close.
Score = stake band (35) + founder (15) + tenure (10) + track record (15) + 12-month direction (−10…15) + filing discipline (10). Every input links to a filing or to the career file; the bands are ours.
Dots mark the months the activity below moved the line. Hover one for the filing.
| Security | Held via | Shares |
|---|---|---|
| Common Stock, par value $0.01 per share | Direct | 1,983,866 |
| Common Stock, par value $0.01 per share | Held by The A.T. Friedman Irrevocable Trust No. 1 | 73,500 |
| Common Stock, par value $0.01 per share | Held by The A.T. Friedman Irrevocable Trust No. 2 | 73,500 |
| Common Stock, par value $0.01 per share | Held by the A.T. Friedman Irrevocable Trust No.1 | 73,500 |
| Common Stock, par value $0.01 per share | Held by The A.T. Friedman Irrevocable Trust No.2 | 73,500 |
| Common Stock | Direct | 25,325 |
| Common Stock, par value $0.01 per share ("Common Stock") | Direct | 17,275 |
| Reported as of 2026-04-03 | 2,320,466 | |
| Date | Type | What happened | Shares | Price | Value | Note |
|---|---|---|---|---|---|---|
| Apr 3, 2026 | Tax | Shares withheld for tax · Common Stock, par value $0.01 per share | −8,075 | $86.65 | $700K | |
| Apr 1, 2026 | Exercise | Option or RSU conversion · Common Stock, par value $0.01 per share | +113,611 | $22.22 | $2.5M | |
| Apr 1, 2026 | Sale | Open-market sale · Common Stock, par value $0.01 per share | −113,611 | $85.44 | $9.7M | under a 10b5-1 plan |
| Apr 1, 2026 | Award | Grant or award · Common Stock, par value $0.01 per share | +39,929 | — | — | |
| Apr 1, 2026 | Tax | Shares withheld for tax · Common Stock, par value $0.01 per share | −13,739 | $84.89 | $1.2M | |
| Mar 11, 2026 | Gift | Gift across 2 lots · Common Stock, par value $0.01 per share | −113,572 | — | — | |
| Mar 6, 2026 | Exercise | Option or RSU conversion · Common Stock, par value $0.01 per share | +92,840 | $22.22 | $2.1M | |
| Mar 6, 2026 | Sale | Open-market sale · Common Stock, par value $0.01 per share | −92,840 | $90.08 | $8.4M | under a 10b5-1 plan |
| Feb 12, 2026 | Award | Grant or award across 2 lots · Common Stock, par value $0.01 per share | +270,195 | — | — | |
| Feb 12, 2026 | Tax | Shares withheld for tax · Common Stock, par value $0.01 per share | −115,775 | $80.42 | $9.3M |
| Company | Role | Reported | Beneficial | % of class |
|---|---|---|---|---|
| NDAQ NASDAQ, INC. This page | Chair and CEO | 2,320,466 2026-04-03 |
— | — |
Reported is every lot on the person's own Forms 3, 4 and 5 — direct and through trusts. Beneficial is the figure stated on the latest Schedule 13D/G cover page, which can exclude shares the person disclaims and include options exercisable within 60 days, so the two are never added together.
64 filings under CIK 0001240169 · captured 2026-09-10 · All filings on EDGAR ↗
2 recorded appearances
A fireside chat at the 2026 AI and Future of Finance Conference in which she made trust the precondition for deploying AI in markets, arguing firms should "slow down a little on the front end so we can speed up on the back end" through security review and governance before rollout.
Watch or read →
An All-In Summit conversation on where public markets go next - tokenised securities, longer trading hours, and why she thinks companies have stayed private too long.
Watch or read →
