Nasdaq (NDAQ)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-22 10b5-1 Pre-arranged Plan: Yes --- 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: 2026-09-22 | Code: S (Open market sale) Shares: -1,125 | Price: $95.00 Total Value: $106,875.00 Shares Owned After: 100,073 | Ownership: D (Direct) Footnotes: [F1] The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026. [F2] Represents (i) 35,511 shares or units of restricted stock, of which 9,551 are vested, (ii) 60,843 shares of Common Stock underlying PSUs, 52,817 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: The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026. F2: Represents (i) 35,511 shares or units of restricted stock, of which 9,551 are vested, (ii) 60,843 shares of Common Stock underlying PSUs, 52,817 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 (2026-09-24)