John Zecca - 06 Jan 2026 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Signature
/s/ Alex Kogan, by power of attorney
Issuer symbol
NDAQ
Transactions as of
06 Jan 2026
Net transactions value
-$450,045
Form type
4
Filing time
08 Jan 2026, 16:00:17 UTC
Previous filing
07 Apr 2025
Next filing
13 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zecca John EVP, Global CLO 151 W. 42ND STREET, NEW YORK /s/ Alex Kogan, by power of attorney 08 Jan 2026 0001789709

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 Sale $450,045 -4,500 -3.5% $100.01 125,674 06 Jan 2026 Direct F1, F2
* 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 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on September 8, 2025.
F2 Represents (i) 22,271 shares or units of restricted stock, of which 2,152 are vested and (ii) 103,403 shares of Common Stock underlying PSUs, all of which are vested.