SPLINTER MICHAEL R 4

What Happened
Michael R. Splinter, a director of Nasdaq, reported gifting 4,680 shares on January 30, 2026. The Form 4 shows a disposition of 4,680 shares at $0.00 (gift) and a corresponding acquisition of 4,680 shares at $0.00 (receipt by family trusts). No cash changed hands (total reported value $0).

Key Details

• Transaction date: 2026-01-30 — 4,680 shares transferred, $0.00 per share (gift).
• Filing date / accession: Form filed 2026-02-03 (timely filing for a Jan 30 transaction).
• Shares owned after transaction: The Form 4 does not state net post-transaction beneficial ownership of common stock.
• Related footnotes: F1 notes 212,742 RSUs granted under Nasdaq's Equity Incentive Plan (207,501 vested). F2 states these shares were gifted to family trusts of which Splinter is a trustee.
• Transaction code: G = Gift (not a sale or purchase).

Context
Gifts are transfers for estate/planning purposes and do not necessarily indicate the insider’s view of the company’s prospects. Splinter’s report also discloses Nasdaq RSUs, but this filing documents a family trust transfer rather than a market sale or purchase.