INVESTOR AB 4

What Happened
Investor AB, reported as a 10% owner of Nasdaq, Inc. (NDAQ), purchased 56,782 shares of Nasdaq common stock in open-market transactions on June 11, 2026. The weighted average price reported was $85.98 per share, for an aggregate purchase value of approximately $4,882,116. This was a direct purchase (transaction code P), which indicates an acquisition rather than a sale.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filing appears timely).
• Price: weighted average $85.98; reported price range $85.81 to $86.00 per share (F1). The filer will provide a breakdown of quantities at each price on request.
• Shares acquired: 56,782; total value ≈ $4,882,116.
• Ownership reporting: These shares are reported as held directly by Innax AB (formerly Patricia Holding AB); Investor AB is the sole shareholder of Innax AB (F2).
• Reporting disclaimers: The filing includes standard disclaimers that each reporting person only provides information about its own holdings and disclaims beneficial ownership of securities held by others except to the extent of any pecuniary interest (F3).

Context
This filing reflects an institutional/major-owner purchase (10% owner), not an executive officer transaction. Open-market purchases by large shareholders can be informative to investors but do not, by themselves, explain motive or future intentions. The transaction was an outright purchase, not an option exercise, gift, or award.