Sarah Youngwood - 06 Dec 2025 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role: EVP & CFO
Signature: /s/ Alex Kogan, by power of attorney
Issuer symbol: NDAQ
Transactions as of: 06 Dec 2025
Net transactions value: -$1,489,171
Form type: 4
Filing time: 09 Dec 2025, 16:00:36 UTC
Previous filing: 03 Apr 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Youngwood Sarah	EVP & CFO	151 W. 42ND STREET, NEW YORK	/s/ Alex Kogan, by power of attorney	09 Dec 2025	0002002407

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	$1,489,171	-16,506	-22%	$90.22	59,291	06 Dec 2025	Direct	F1, F2

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

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	Represents (i) 58,969 shares or units of restricted stock, 13,341 of which are vested and (ii) 322 shares purchased under the Employee Stock Purchase Plan.