NASDAQ, INC.

NDAQ

Form 4 • Statement of Changes in Beneficial Ownership

SEC Accession Number: 0001193125-26-091449
Filing date: Mar 4, 2026
Earliest execution date: Mar 2, 2026
Reporting Owners: Smith Bryan Everard (EVP, CPO)

Summary

Type

Sell

Net shares

-6,000

% of shares

-7.81%

Amount (USD)

$523,440

Insider confidence score

28.8 out of 100

Positive

  • Under Rule 10b5-1 trading plan

Negative

  • Very large scheduled sell (<10% of shares)
  • Large sell amount ($250K+)

Stock transactions

Transaction 1

Security

Common Stock, par value $0.01 per share

Action

Sell

Date

2026-03-02

Code

S

Net shares

-6,000.0

Price per Share

$87.24

Amount (USD)

$523,440.00

Acquired/Disposed

Disposed

Shares Owned Before

76,860.0

Shares Owned After

70,860.0

Filing's footnotes

1. The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on August 29, 2025.

2. The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.96 to $87.82, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. Represents (i) 20,871 shares or units of restricted stock, of which 1,465 are vested, (ii) 45,366 shares of Common Stock underlying PSUs, 37,340 of which are vested, and (iii) 4,623 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

ℹ️ Filed under Rule 10b5-1 trading plan

This page is for informational purposes only. While we strive for accuracy, the summary may contain inaccuracies or omissions. Please refer to the official SEC filing for authoritative information. Open the SEC filing.