ARNOLDI MELISSA 4

What Happened

• Melissa Arnoldi, a director of Nasdaq, received an award of 4,324 Restricted Stock Units (RSUs) on June 10, 2026. The units were granted at an acquisition price of $0.00 (i.e., no immediate cash paid) and will convert to common stock if and when they vest. The entirety of this award vests on June 10, 2027 (see footnote F1).

Key Details

• Transaction date: 2026-06-10; filing date: 2026-06-12 (timely filed).
• Transaction type/code: A (award/grant); 4,324 RSUs granted at $0.00 per unit.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 — RSUs granted under Nasdaq’s Equity Incentive Plan; full vesting on 2027-06-10. F2 — filing also references 55,515 RSUs granted under the plan, of which 51,191 are vested as of the filing date (appears to be prior/other awards or holdings).
• No 10b5-1, tax-withholding, or late-filing flags indicated in the provided data.

Context

• RSUs are a contingent right to receive shares when they vest; they are not an open-market purchase or sale and do not signal an immediate cash investment by the insider. The award will only translate into actual Nasdaq shares for Arnoldi if the vesting conditions are met on June 10, 2027.