4//SEC Filing
FRIEDMAN ADENA T 4
Accession 0001193125-26-004362
CIK 0001120193other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:00 PM ET
Size
12.5 KB
Accession
0001193125-26-004362
Insider Transaction Report
Form 4
NASDAQ, INC.NDAQ
FRIEDMAN ADENA T
DirectorChair and CEO
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2026-01-02$22.22/sh+300,000$6,666,000→ 2,224,903 total - Sale
Common Stock, par value $0.01 per share
2026-01-02$96.39/sh−300,000$28,917,000→ 1,924,903 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2026-01-02−300,000→ 506,451 totalExercise: $22.22Exp: 2027-01-03→ Common Stock (300,000 underlying)
Holdings
- 73,500(indirect: By Trust)
Common Stock, par value $0.01 per share
- 73,500(indirect: By Trust)
Common Stock, par value $0.01 per share
- 306,936
Employee Stock Option (Right to Buy)
Exercise: $67.48Exp: 2032-01-03→ Common Stock (306,936 underlying)
Footnotes (6)
- [F1]The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on September 11, 2025.
- [F2]The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.82 to $97.07, inclusive. The reporting person undertakes to provide to Nasdaq, any security holder of Nasdaq or the staff of the U.S. 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) 440,450 shares or units of restricted stock, of which 314,204 are vested, (ii) 1,371,100 shares of Common Stock underlying PSUs, all 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.
- [F4]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.
- [F5]The option is currently exercisable.
- [F6]The option vests on January 3, 2027.
Documents
Issuer
NASDAQ, INC.
CIK 0001120193
Entity typeother
Related Parties
1- filerCIK 0001240169
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:00 PM ET
- Size
- 12.5 KB