Martina Cheung - 31 Dec 2025 Form 4 Insider Report for S&P Global Inc. (SPGI)

Role: CEO & President, Director
Signature: /s/ Tasha Matharu, Attorney-in-Fact
Issuer symbol: SPGI
Transactions as of: 31 Dec 2025
Net transactions value: +$1,037,864
Form type: 4
Filing time: 05 Jan 2026, 16:02:38 UTC
Previous filing: 06 Mar 2025
Next filing: 26 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
CHEUNG MARTINA	CEO & President, Director	55 WATER STREET, NEW YORK	/s/ Tasha Matharu, Attorney-in-Fact	05 Jan 2026	0001657890

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPGI	Common Stock	Options Exercise	$513,183	+982	+5.7%	$522.59	18,185	31 Dec 2025	Direct
transaction	SPGI	Common Stock	Tax liability	$194,926	-373	-2.1%	$522.59	17,812	31 Dec 2025	Direct
transaction	SPGI	Common Stock	Options Exercise	$451,518	+864	+4.9%	$522.59	18,676	31 Dec 2025	Direct
transaction	SPGI	Common Stock	Tax liability	$163,048	-312	-1.7%	$522.59	18,364	31 Dec 2025	Direct
transaction	SPGI	Common Stock	Options Exercise	$870,112	+1,665	+9.1%	$522.59	20,029	31 Dec 2025	Direct
transaction	SPGI	Common Stock	Tax liability	$438,976	-840	-4.2%	$522.59	19,189	31 Dec 2025	Direct

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
transaction	SPGI	Restricted Stock Units	Options Exercise	$0	-982	-100%	$0.000000	0	31 Dec 2025	Common Stock	982	$0.000000	Direct	F1, F2
transaction	SPGI	Restricted Stock Units	Options Exercise	$0	-864	-49%	$0.000000	891	31 Dec 2025	Common Stock	864	$0.000000	Direct	F1, F3
transaction	SPGI	Restricted Stock Units	Options Exercise	$0	-1,665	-33%	$0.000000	3,381	31 Dec 2025	Common Stock	1,665	$0.000000	Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.
F2	As previously reported, the reporting person was granted 2,886 restricted stock units on 03/01/2023, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2023 and 33% on 12/31/2024 and the remaining 34% vested on 12/31/2025. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.
F3	As previously reported, the reporting person was granted 2,619 restricted stock units on 03/01/2024, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2024 and 33% on 12/31/2025 and the remaining 34% will vest on 12/31/2026. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.
F4	As previously reported, the reporting person was granted 5,046 restricted stock units on 03/01/2025, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2025 and will vest 33% on 12/31/2026 and 34% on 12/31/2027. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.