NASDAQ, INC. (NDAQ) Insider Transactions

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026.

F2 Represents (i) 32,646 shares or units of restricted stock, of which 8,967 are vested, (ii) 57,946 shares of Common Stock underlying PSUs, 49,920 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents (i) 57,390 shares or units of restricted stock, 31,385 of which are vested, (ii) 46,618 shares of Common Stock underlying PSUs, 36,986 of which are vested, and (iii) 5,298 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1

Reported filing row; may be amended. Do not sum filings blindly.

F1 The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.40 to $109.41, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F2 Represents (i) 111,598 shares or units of restricted stock, of which 38,238 are vested, (ii) 87,017 shares of Common Stock underlying PSUs, 74,175 of which are vested, and (iii) 1,886 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents (i) 113,884 shares or units of restricted stock, of which 40,524 are vested, (ii) 87,017 shares of Common Stock underlying PSUs, 74,175 of which are vested, and (iii) 1,886 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The entirety of the RSUs vest on June 10, 2027.

F2 Represents (i) 1,449 unvested RSUs granted pursuant to the Issuer's Equity Incentive Plan and (ii) 145,233 shares of Common Stock acquired prior to the reporting person's board service beginning on November 1, 2026.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents (i) 57,390 shares or units of restricted stock, 31,385 of which are vested, (ii) 51,618 shares of Common Stock underlying PSUs, 41,986 of which are vested, and (iii) 5,298 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents (i) 60,377 shares or units of restricted stock, 34,372 of which are vested, (ii) 52,618 shares of Common Stock underlying PSUs, 42,986 of which are vested, and (iii) 5,298 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1

Reported filing row; may be amended. Do not sum filings blindly.

F1 The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.14 to $103.51, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F2 Represents (i) 116,173 shares or units of restricted stock, of which 42,813 are vested, (ii) 87,017 shares of Common Stock underlying PSUs, 74,175 of which are vested, and (iii) 1,886 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026.

F2 Represents (i) 34,249 shares or units of restricted stock, of which 10,570 are vested, (ii) 58,593 shares of Common Stock underlying PSUs, 50,567 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026.

F2 Represents (i) 34,249 shares or units of restricted stock, of which 10,570 are vested, (ii) 59,718 shares of Common Stock underlying PSUs, 51,692 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

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) 34,249 shares or units of restricted stock, of which 10,570 are vested, (ii) 60,843 shares of Common Stock underlying PSUs, 52,817 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026.

F2 Represents (i) 35,511 shares or units of restricted stock, of which 9,551 are vested, (ii) 60,843 shares of Common Stock underlying PSUs, 52,817 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026.

F2 Represents (i) 35,511 shares or units of restricted stock, of which 9,551 are vested, (ii) 61,968 shares of Common Stock underlying PSUs, 53,942 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on May 7, 2026.

F2 The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.50 to $95.00, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F3 Represents (i) 35,529 shares or units of restricted stock, of which 9,569 are vested, (ii) 63,075 shares of Common Stock underlying PSUs, 55,049 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2, F3

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents (i) 52,724 shares or units of restricted stock, of which 17,520 are vested and (ii) 149,051 shares of Common Stock underlying PSUs, 136,209 of which are vested.

References: F1

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents (i) 64,377 shares or units of restricted stock, 38,372 of which are vested, (ii) 52,618 shares of Common Stock underlying PSUs, 42,986 of which are vested, and (iii) 5,298 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026.

F2 Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested, (ii) 40,202 shares of Common Stock underlying PSUs, 32,176 of which are vested, and (iii) 4,882 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.17 to $96.43, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F2 Represents (i) 55,950 shares or units of restricted stock, of which 20,746 are vested and (ii) 149,051 shares of Common Stock underlying PSUs, 136,209 of which are vested.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.83 to $94.10, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F2 Represents (i) 66,960 shares or units of restricted stock, of which 31,756 are vested and (ii) 149,051 shares of Common Stock underlying PSUs, 136,209 of which are vested.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.58 to $92.66, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F2 Represents (i) 64,377 shares or units of restricted stock, 38,372 of which are vested, (ii) 58,618 shares of Common Stock underlying PSUs, 48,986 of which are vested, and (iii) 5,298 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.83 to $94.10, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F2 Represents (i) 66,960 shares or units of restricted stock, of which 31,756 are vested and (ii) 149,051 shares of Common Stock underlying PSUs, 136,209 of which are vested.

References:

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026.

F2 Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested, (ii) 41,758 shares of Common Stock underlying PSUs, 33,732 of which are vested, and (iii) 4,882 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 The price reported in Column 4 is a weighted average price. These shares of common stock, par value $0.01 per share (the "Shares") were purchased in multiple transactions at prices ranging from $85.81 to $86.00 per Share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth in this footnote.

F2 Reflects Shares of the Issuer held directly by Innax AB (formerly known as Patricia Holding AB). Investor AB is the sole shareholder of Innax AB.

F3 Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

References: F1, F2, F3

Reported filing row; may be amended. Do not sum filings blindly.

F1 The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on March 12, 2026.

F2 Represents (i) 22,563 shares or units of restricted stock, of which 1,465 are vested, (ii) 44,758 shares of Common Stock underlying PSUs, 36,732 of which are vested, and (iii) 4,623 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

References: F1, F2

Reported filing row; may be amended. Do not sum filings blindly.

F1 Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The entirety of the RSUs vest on June 10, 2027.

F2 Represents the surrender of shares to pay withholding taxes in connection with a vesting of equity previously granted under Nasdaq's Equity Incentive Plan.

F3 Represents (i) 17,495 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 14,497 are vested as of the filing date of this Form 4 and, (ii) 26,000 shares of common stock acquired through open market purchases.

References: F2, F3