NASDAQ, INC. — Director's Dealing 2020

Feb 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NASDAQ, INC. (NDAQ)
CIK: 0001120193
Period of Report: 2020-02-25

Reporting Person: SKULE JEREMY (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-25	Common stock, par value $0.01 per share	A	3368	$0.00	Acquired	14480	Direct
2020-02-25	Common stock, par value $0.01 per share	F	1271	$112.41	Disposed	13209	Direct

Footnotes

F1: Represents the settlement of performance share units (PSUs) that were previously granted under Nasdaq's Equity Incentive Plan. The ultimate amount of shares to be received under the grant depended upon the achievement of performance goals during a three-year performance period from January 1, 2017 through December 31, 2019.

F2: Represents the surrender of shares to pay withholding taxes in connection with the settlement of PSUs, as described above.

F3: Represents (i) 12,904 shares underlying PSUs, of which 11,838 are vested and (ii) 305 shares purchased under the Employee Stock Purchase Plan.