X0508 4 2026-02-12 0001120193 NASDAQ, INC. NDAQ 0001240169 FRIEDMAN ADENA T 151 W. 42ND STREET NEW YORK NY 10036 true true false false Chair and CEO false Common Stock, par value $0.01 per share 2026-02-12 4 A false 228455 0 A 2153358 D Common Stock, par value $0.01 per share 2026-02-12 4 F false 115775 80.42 D 2037583 D Common Stock, par value $0.01 per share 2026-02-12 4 A false 41740 0 A 2079323 D Common Stock, par value $0.01 per share 73500 I Held by the A.T. Friedman Irrevocable Trust No.1 Common Stock, par value $0.01 per share 73500 I Held by The A.T. Friedman Irrevocable Trust No.2 Employee Stock Option (Right to Buy) 22.22 2027-01-03 Common Stock 206451 206451 D Employee Stock Option (Right to Buy) 67.48 2032-01-03 Common Stock 306936 306936 D Represents the settlement of performance share units (PSUs) that were previously granted under Nasdaq's Equity Incentive Plan. The ultimate amount of shares of Common Stock to be received under the grant depended upon the achievement of performance goals during a three-year performance period from January 1, 2023 through December 31, 2025. Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above. Represents PSUs that were previously granted under Nasdaq's Equity Incentive Plan. The ultimate amount of shares of Common Stock to be received under the grant depended upon the achievement of performance goals during a two-year performance period from January 1, 2024 through December 31, 2025. The shares underlying the PSUs will vest on January 4, 2027. Represents (i) 440,450 shares or units of restricted stock, of which 314,204 are vested, (ii) 1,525,520 shares of Common Stock underlying PSUs, 1,483,780 of which are vested, (iii) 10,000 shares of Common Stock acquired through open market purchases, and (iv) 103,353 shares granted under the Issuer's Equity Incentive Plan or the Issuer's Employee Stock Purchase Plan when the reporting person was an employee of the Issuer prior to returning as President in 2014. 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. The option is currently exercisable. The option vests on January 3, 2027. /s/ Alex Kogan, by power of attorney 2026-02-17