Adena T. Friedman - Jul 31, 2023 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role
Chair and CEO, Director
Signature
/s/ Alex Kogan, by power of attorney
Stock symbol
NDAQ
Transactions as of
Jul 31, 2023
Transactions value $
$510,000
Form type
4
Date filed
8/2/2023, 04:12 PM
Previous filing
Apr 5, 2023
Next filing
Feb 23, 2024

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 Purchase $510K +10K +0.6% $51.00 1.67M Jul 31, 2023 Direct F1
holding NDAQ Common Stock, par value $0.01 per share 73.5K Jul 31, 2023 Held by The A.T. Friedman Irrevocable Trust No. 1 F2
holding NDAQ Common Stock, par value $0.01 per share 73.5K Jul 31, 2023 Held by The A.T. Friedman Irrevocable Trust No. 2 F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NDAQ Employee Stock Option (Right to Buy) 307K Jul 31, 2023 Common Stock 307K $67.48 Direct F3
holding NDAQ Employee Stock Option (Right to Buy) 806K Jul 31, 2023 Common Stock 806K $22.22 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents (i) 404,213 shares or units of restricted stock, of which 270,820 are vested, (ii) 1,154,752 vested shares underlying PSUs, (iii) 10,000 shares of common stock acquired through open market purchases and (iv) 103,353 shares granted under Nasdaq's Equity Incentive Plan or acquired under Nasdaq's Employee Stock Purchase Plan when Ms. Friedman was previously an employee of Nasdaq prior to returning as President in 2014.
F2 Reflects shares gifted for estate planning purposes to a family trust for the benefit of the reporting person's child, of which the reporting person's spouse is the trustee and the reporting person's brother is the investment advisor.
F3 The option vests on January 3, 2027.
F4 Options exercisable.