NASDAQ, INC. — Director's Dealing 2026

Feb 13, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NASDAQ, INC. (NDAQ)
CIK: 0001120193
Period of Report: 2026-02-11

Reporting Person: Griggs PC Nelson (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-11	Common Stock, par value $0.01 per share	A	43932	—	Acquired	239853	Direct
2026-02-11	Common Stock, par value $0.01 per share	F	20674	$82.51	Disposed	219179	Direct
2026-02-11	Common Stock, par value $0.01 per share	A	12842	—	Acquired	232021	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 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.

F2: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

F3: 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.

F4: Represents (i) 76,193 shares or units of restricted stock, of which 43,191 are vested and (ii) 155,828 shares of Common Stock underlying PSUs, 142,986 of which are vested.