Transaction details
Investor AB acquired 200,000 shares of NASDAQ, Inc. common stock on February 13, 2026, in a block purchase that totaled $15.8 million. The transaction carried a weighted average acquisition price of $79.1752 per share, with execution prices falling between $79.10 and $79.52. The purchase was reported to the Securities and Exchange Commission in a Form 4 filing.
Ownership structure following the buy
Following this purchase, Investor AB holds 58,382,426 shares of NASDAQ, Inc. common stock directly through Innax AB, which is identified as its sole shareholder. Investor AB is described in the filing as a ten percent owner of NASDAQ.
Market context
At the time of the transaction, NASDAQ shares were trading at approximately $79.47, a level that is about 22% below the stock's 52-week high of $101.78. Financial condition metrics cited in market data note that Nasdaq has a Piotroski Score of 9, indicating a strong score on that internal accounting-based health metric.
Recent company performance and product initiatives
Nasdaq reported fourth-quarter 2025 results that exceeded analyst expectations. The company posted earnings per share of $0.96 versus an expected $0.92, and generated revenue of $1.4 billion compared with forecasts of $1.37 billion. In addition to the reported earnings beat, Nasdaq introduced a suite of Private Capital Indexes designed to provide standardized benchmarks for private markets. Those indexes are constructed from data covering more than 14,000 institutional private market funds and represent in excess of $11.4 trillion in global assets under management, with data sourced from Nasdaq eVestment’s limited partner reported dataset.
What the filing shows
The purchase details are included in the formal regulatory disclosure to the SEC, the Form 4, which records insider transactions and ownership changes. The filing documents the total shares bought, the acquisition prices, and the resulting direct shareholdings.
Summary
This filing records a $15.8 million purchase by Investor AB of 200,000 shares of Nasdaq common stock at a weighted average price near the market level on February 13, 2026. The transaction increased Investor AB's direct holdings through Innax AB to 58,382,426 shares. Nasdaq's recent quarterly results topped estimates and the company launched large-scale Private Capital Indexes derived from eVestment data.