Paul Holden Spaht Jr. - 04 Jun 2025 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role: Director
Signature: /s/ Holden Spaht
Issuer symbol: NDAQ
Transactions as of: 04 Jun 2025
Net transactions value: $0
Form type: 4
Filing time: 05 Jun 2025, 19:57:10 UTC
Previous filing: 13 Jun 2024
Next filing: 13 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SPAHT PAUL HOLDEN JR.	Director	151 W. 42ND STREET, NEW YORK	/s/ Holden Spaht	05 Jun 2025	0001862654

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NDAQ	Common Stock, par value $0.01 per share	Gift	$0	-447,240	-98%	$0.000000	7,406	04 Jun 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were received in a pro rata distribution for no consideration.
F2	The reported securities are held by the reporting person for the benefit of Thoma Bravo, L.P. Accordingly, the reporting person disclaims beneficial ownership of, and all right, title and interest in, the securities reported or referenced herein and the filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the reported securities.

Content

The reported securities were received in a pro rata distribution for no consideration.

The reported securities are held by the reporting person for the benefit of Thoma Bravo, L.P. Accordingly, the reporting person disclaims beneficial ownership of, and all right, title and interest in, the securities reported or referenced herein and the filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the reported securities.