Director at Nasdaq (NASDAQ: NDAQ) receives 4,324 RSU equity award

Rhea-AI Filing Summary

ARNOLDI MELISSA reported acquisition or exercise transactions in this Form 4 filing.

NASDAQ, INC. director Melissa Arnoldi received a grant of 4,324 Restricted Stock Units as equity compensation, with no cash paid per share. Each RSU represents a right to one share of common stock and vests in full on June 10, 2027. Following this award, she holds 55,515 RSUs in total, of which 51,191 are already vested.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ARNOLDI MELISSA

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share	4,324	$0.00	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 55,515 shares (Direct, null)

Footnotes (1)

1. Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The entirety of the RSUs vest on June 10, 2027. Represents 55,515 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 51,191 are vested as of the filing date of this Form 4.

Key Figures

RSUs granted: 4,324 RSUs Total RSUs after grant: 55,515 RSUs Vested RSUs: 51,191 RSUs +2 more

5 metrics

RSUs granted 4,324 RSUs Award under Nasdaq Equity Incentive Plan on June 10, 2026

Total RSUs after grant 55,515 RSUs Holdings following reported transaction

Vested RSUs 51,191 RSUs Vested as of Form 4 filing date

Grant price per unit $0.00 per RSU Equity award, no cash paid by director

Vesting date for new RSUs June 10, 2027 Entire 4,324-unit RSU award vests on this date

Key Terms

Restricted Stock Units (RSUs), Equity Incentive Plan, contingent right

3 terms

Restricted Stock Units (RSUs) financial

"Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan."

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

Equity Incentive Plan financial

"RSUs granted pursuant to the Issuer's Equity Incentive Plan."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

contingent right financial

"Each unit represents a contingent right to receive one share of the Issuer's Common Stock."

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Form 4 Insider Transactions: What Each Field Means →

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^*

ARNOLDI MELISSA

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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	06/10/2026		A(1)		4,324	A	$0	55,515(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. Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The entirety of the RSUs vest on June 10, 2027.

2. Represents 55,515 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 51,191 are vested as of the filing date of this Form 4.

	/s/ Alex Kogan, by power of attorney	06/12/2026
	** 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)

FAQ

What insider transaction did Nasdaq (NDAQ) report for Melissa Arnoldi?

Nasdaq reported that director Melissa Arnoldi received a grant of 4,324 Restricted Stock Units (RSUs) as equity compensation. Each RSU represents a contingent right to receive one share of Nasdaq common stock if vesting conditions are met.

When do Melissa Arnoldi’s new Nasdaq (NDAQ) RSUs vest?

The entire grant of 4,324 RSUs to Melissa Arnoldi vests on June 10, 2027. Vesting means the units convert into the right to receive Nasdaq common shares, subject to the plan’s terms and continued eligibility.

How many Nasdaq (NDAQ) RSUs does Melissa Arnoldi hold after this grant?

After the new grant, Melissa Arnoldi holds a total of 55,515 RSUs under Nasdaq’s Equity Incentive Plan. A footnote indicates 51,191 RSUs are already vested as of the Form 4 filing date.

Did Melissa Arnoldi buy or sell Nasdaq (NDAQ) shares in this Form 4?

This Form 4 shows an acquisition via grant, not an open-market buy or sale. Code “A” reflects a grant or award of 4,324 RSUs at a price of $0.00 per unit under Nasdaq’s equity plan.

What does an RSU grant mean for Nasdaq (NDAQ) director compensation?

The filing shows part of director compensation is paid in Restricted Stock Units. RSUs align director interests with shareholders because each vested unit converts into one share of Nasdaq common stock, following the vesting schedule and plan rules.