=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-04-01
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: NASDAQ, INC. (NDAQ)
CIK: 0001120193
--- Reporting Owner ---
Name: SKULE JEREMY
CIK: 0001736565
Role: Officer (EVP, CSO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock, par value $0.01 per share
Date: 2026-04-01 | Code: A (Grant or award)
Shares: +7,633 | Price: $0.00
Shares Owned After: 107,922 | Ownership: D (Direct)
Footnotes:
[F1] Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
[Transaction #2]
Security: Common Stock, par value $0.01 per share
Date: 2026-04-01 | Code: F (Payment of exercise/tax)
Shares: -2,332 | Price: $84.89
Total Value: $197,963.48
Shares Owned After: 105,590 | Ownership: D (Direct)
Footnotes:
[F2] Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
[F3] Represents (i) 38,796 shares or units of restricted stock, of which 10,998 are vested, (ii) 63,075 shares of Common Stock underlying PSUs, 55,049 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
--- Footnotes (Complete Index) ---
F1: Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.
F2: Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
F3: Represents (i) 38,796 shares or units of restricted stock, of which 10,998 are vested, (ii) 63,075 shares of Common Stock underlying PSUs, 55,049 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
--- Signature ---
/s/ /s/ Alex Kogan, by power of attorney (2026-04-02)
