NASDAQ, INC. (NDAQ) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-01 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: NASDAQ, INC. (NDAQ) CIK: 0001120193 --- Reporting Owner --- Name: Smith Bryan Everard CIK: 0001799366 Role: Officer (EVP, CPO) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock, par value $0.01 per share Date: 2026-07-01 | Code: S (Open market sale) Shares: -3,000 | Price: $80.00 Total Value: $240,000.00 Shares Owned After: 69,203 | Ownership: D (Direct) Footnotes: [F1] The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026. [F2] Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested, (ii) 41,758 shares of Common Stock underlying PSUs, 33,732 of which are vested, and (iii) 4,882 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan. --- Footnotes (Complete Index) --- F1: The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026. F2: Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested, (ii) 41,758 shares of Common Stock underlying PSUs, 33,732 of which are vested, and (iii) 4,882 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan. --- Signature --- /s/ /s/ Alex Kogan, by power of attorney (2026-07-02)