Daly Michelle Lynn 4

What Happened

• Michelle Lynn Daly, SVP, Controller & Principal Accounting Officer of Nasdaq, had 424 shares withheld to satisfy tax obligations related to the settlement of an equity award. The withholding was recorded at $86.65 per share, representing $36,740 of value. This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: April 3, 2026 — 424 shares withheld at $86.65 each (total value $36,740).
• Filing date: Form 4 filed April 7, 2026 (no late-filing flag indicated in the filing).
• Holdings reported after transaction (per footnote): 7,981 restricted stock/units (1,194 vested), 1,764 performance stock units (none vested), and 1,667 shares purchased under the Employee Stock Purchase Plan.
• Footnote: The reported disposition was tax withholding in connection with settlement of an equity award (footnote F1).

Context

• This was a routine tax-withholding action tied to an equity award settlement (cashless withholding) and does not by itself indicate a personal buy or sell decision about the company’s stock. Tax withholdings are common when restricted stock or option awards vest/settle.