Bradley J. Peterson - 01 Jul 2025 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role: EVP, CIO
Signature: /s/ Alex Kogan, by power of attorney
Issuer symbol: NDAQ
Transactions as of: 01 Jul 2025
Net transactions value: -$2,005,084
Form type: 4
Filing time: 03 Jul 2025, 13:11:01 UTC
Previous filing: 07 Apr 2025
Next filing: 13 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Peterson Bradley J	EVP, CIO	151 W. 42ND STREET, NEW YORK	/s/ Alex Kogan, by power of attorney	03 Jul 2025	0001568592

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	Tax liability	$982,368	-10,986	-8.2%	$89.42	122,543	01 Jul 2025	Direct	F1
transaction	NDAQ	Common Stock, par value $0.01 per share	Sale	$1,022,716	-11,508	-9.4%	$88.87	111,035	02 Jul 2025	Direct	F2, F3, F4

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	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.
F2	The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on November 1, 2024.
F3	The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.56 to $89.13, inclusive. The reporting person undertakes to provide to Nasdaq, any security holder of Nasdaq or the staff of the U.S. 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.
F4	Represents (i) 64,744 shares or units of restricted stock, of which 38,372 are vested, (ii) 41,294 shares of Common Stock underlying PSUs, all of which are vested, and (iii) 4,997 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.