Nasdaq director granted 4,497 RSUs

Nasdaq, Inc. director Alfred W. Zollar received an equity award of 4,497 Restricted Stock Units (RSUs), each representing one share of common stock.

Rhea-AI Filing Summary

Nasdaq, Inc. director Alfred W. Zollar received an equity award of 4,497 Restricted Stock Units (RSUs), each representing one share of common stock. The RSUs were granted under Nasdaq's Equity Incentive Plan and the entire award vests on June 10, 2027.

After this grant, Zollar holds 58,281 shares of common stock, including RSUs. Footnotes state he has been granted a total of 55,739 RSUs under the plan, of which 51,242 are vested, as well as 2,542 shares acquired through open market purchases.

Insider Trade Summary

Grant/Award: 4,497 shares

Grant/Award 1 txn

Insider ZOLLAR ALFRED W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share	4,497	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $0.01 per share — 58,281 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Represents 55,739 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 51,242 are vested as of the filing date of this Form 4 and, (ii) 2,542 shares of common stock acquired through open market purchases.

Key Figures

RSUs granted: 4,497 RSUs Grant price per RSU: $0.00 per share Vesting date: June 10, 2027 +4 more

7 metrics

RSUs granted 4,497 RSUs Award under Nasdaq Equity Incentive Plan on June 10, 2026

Grant price per RSU $0.00 per share Reported transaction price for RSU award

Vesting date June 10, 2027 All 4,497 RSUs vest on this date

Shares owned after transaction 58,281 shares Total Nasdaq common stock beneficially owned following grant

Total RSUs held 55,739 RSUs RSUs granted under Nasdaq’s Equity Incentive Plan

Vested RSUs 51,242 RSUs RSUs vested as of the Form 4 filing date

Open-market shares 2,542 shares Common stock acquired through open market purchases

Key Terms

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

4 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

"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."

open market purchases financial

"and, (ii) 2,542 shares of common stock acquired through open market purchases."

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

FAQ

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

What did Alfred W. Zollar acquire in this Nasdaq (NDAQ) Form 4 filing?

Alfred W. Zollar received an award of 4,497 Restricted Stock Units (RSUs), each representing one share of Nasdaq common stock. The grant was made under Nasdaq’s Equity Incentive Plan as compensation rather than a cash transaction.

When do Alfred W. Zollar’s newly granted RSUs in Nasdaq (NDAQ) vest?

The newly granted 4,497 RSUs to Alfred W. Zollar vest in full on June 10, 2027. Vesting means the RSUs convert into common shares he owns outright, assuming continued satisfaction of the plan’s conditions.

How many Nasdaq (NDAQ) shares does Alfred W. Zollar hold after this Form 4 transaction?

Following the grant, Alfred W. Zollar beneficially owns 58,281 Nasdaq common shares, including RSUs. This figure reflects his direct holdings reported in the Form 4 after the award of 4,497 RSUs.

What portion of Alfred W. Zollar’s Nasdaq (NDAQ) RSUs are already vested?

Footnotes report Zollar holds 55,739 RSUs in total, of which 51,242 are vested as of the Form 4 filing date. Vested RSUs are already earned and typically settle into common shares under the plan’s terms.

Did Alfred W. Zollar buy any Nasdaq (NDAQ) shares on the open market in this transaction?

This Form 4 reports a grant of RSUs, not an open-market purchase. However, footnotes note he previously acquired 2,542 shares of Nasdaq common stock through open market purchases, which are part of his current holdings.

Is the Alfred W. Zollar Nasdaq (NDAQ) Form 4 transaction a buy or a compensation grant?

The transaction is a compensation-related grant, coded “A” for award, not a market buy. Zollar received 4,497 RSUs at a reported price of $0.00 per unit under Nasdaq’s Equity Incentive Plan.

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

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Accepted by SEC EDGAR 06/12/2026 - 04:19 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^*

ZOLLAR ALFRED W

(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)		4,497	A	$0.00	58,281(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 55,739 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 51,242 are vested as of the filing date of this Form 4 and, (ii) 2,542 shares of common stock acquired through open market purchases.

	/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)