Bryan Everard Smith - Mar 14, 2023 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role: Executive Vice President
Signature: /s/ Alex Kogan, by power of attorney
Stock symbol: NDAQ
Transactions as of: Mar 14, 2023
Transactions value $: -$262,550
Form type: 4
Date filed: 3/16/2023, 04:20 PM
Previous filing: Mar 2, 2023
Next filing: Apr 5, 2023

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	-$263K	-5K	-9.42%	$52.51	48.1K	Mar 14, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.510 to $52.511, 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 (1) to this Form 4.
F2	Represents (i) 12,372 shares or units of restricted stock, of which 870 are vested, (ii) 32,255 shares underlying PSUs, all of which are vested and (iii) 3,456 shares purchased under the Employee Stock Purchase Plan.

Content

The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.510 to $52.511, 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 (1) to this Form 4.

Represents (i) 12,372 shares or units of restricted stock, of which 870 are vested, (ii) 32,255 shares underlying PSUs, all of which are vested and (iii) 3,456 shares purchased under the Employee Stock Purchase Plan.