Nasdaq exec sells 11,010 shares at $96.35

Nelson Griggs, President, Capital Access Platforms at NASDAQ, INC., sold 11,010 shares of common stock on July 29, 2026 at a weighted average price of $96.35 per share, with trades between $96.17 and $96.43.

Rhea-AI Filing Summary

Nelson Griggs, President, Capital Access Platforms at NASDAQ, INC., sold 11,010 shares of common stock on July 29, 2026 at a weighted average price of $96.35 per share, with trades between $96.17 and $96.43. After the sale, he reported 205,001 shares and units, consisting of 55,950 shares or units of restricted stock (20,746 vested) and 149,051 shares of common stock underlying PSUs, 136,209 of which are vested.

Insider Trade Summary

Net Seller: 11,010 shares

Net Sell 1 txn

Insider Griggs PC Nelson

Role Pres. Capital Access Platforms

Sold 11,010 shs ($1.06M)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share F1, F2	11,010	$96.35	$1.06M

Holdings After Transaction: Common Stock, par value $0.01 per share — 205,001 shares (Direct)

Footnotes (2)

1. F1. The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.17 to $96.43, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.
2. F2. Represents (i) 55,950 shares or units of restricted stock, of which 20,746 are vested and (ii) 149,051 shares of Common Stock underlying PSUs, 136,209 of which are vested.

Key Figures

Shares sold: 11,010 shares Weighted average sale price: $96.35 per share Shares and units after transaction: 205,001 +4 more

7 metrics

Shares sold 11,010 shares Common stock sale on July 29, 2026 by Nelson Griggs

Weighted average sale price $96.35 per share Sale of 11,010 shares at prices from $96.17 to $96.43

Shares and units after transaction 205,001 Total equity interests reported following the sale

Restricted stock or units 55,950 Part of post-transaction holdings; 20,746 are vested

Vested restricted stock or units 20,746 Vested portion of restricted stock or units held

PSU underlying shares 149,051 Common stock underlying PSUs in post-transaction holdings

Vested PSU underlying shares 136,209 Vested shares of common stock underlying PSUs

Key Terms

weighted average price, restricted stock, PSUs

3 terms

weighted average price financial

"The price reported in this box is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

restricted stock financial

"Represents (i) 55,950 shares or units of restricted stock, of which 20,746 are vested"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

PSUs financial

"and (ii) 149,051 shares of Common Stock underlying PSUs, 136,209 of which are vested."

PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NDAQ report for Nelson Griggs?

Nelson Griggs sold 11,010 shares of NASDAQ, INC. common stock on July 29, 2026. The sale was reported at a weighted average price of $96.35 per share, with trades executed between $96.17 and $96.43.

At what price did Nelson Griggs sell Nasdaq (NDAQ) shares?

He sold the shares at a weighted average price of $96.35 per share. According to the disclosure, the 11,010 shares were sold in multiple transactions at prices ranging from $96.17 to $96.43, inclusive.

How many Nasdaq (NDAQ) shares does Nelson Griggs hold after this sale?

After the transaction, Nelson Griggs reported holding 205,001 shares and related equity interests. This includes restricted stock or units and shares of common stock underlying PSUs, with specified portions of each type already vested.

What types of equity awards does Nelson Griggs hold at Nasdaq (NDAQ)?

His reported holdings include 55,950 shares or units of restricted stock, of which 20,746 are vested, and 149,051 shares of common stock underlying PSUs, of which 136,209 are vested. These together total 205,001 reported shares and units.

Was the Nasdaq (NDAQ) insider trade by Nelson Griggs under a Rule 10b5-1 plan?

The reported transaction was not designated as made pursuant to a Rule 10b5-1 trading plan. The disclosure does not characterize the sale as occurring under any pre-arranged trading plan framework.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/31/2026 - 04:05 PM Accepted by SEC EDGAR 07/31/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Griggs PC Nelson

(Last) (First) (Middle)

151 W. 42ND STREET

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NASDAQ, INC. [ NDAQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres. Capital Access Platforms

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	07/29/2026		S		11,010	D	$96.35(1)	205,001(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.17 to $96.43, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

2. Represents (i) 55,950 shares or units of restricted stock, of which 20,746 are vested and (ii) 149,051 shares of Common Stock underlying PSUs, 136,209 of which are vested.

	/s/ Alex Kogan, by power of attorney	07/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)