Nasdaq EVP Skule has 1,262 shares withheld for taxes

After the withholding, the reported position included 34,249 restricted stock shares or units and 60,843 shares underlying PSUs.

Rhea-AI Filing Summary

Nasdaq, Inc. EVP, CSO Jeremy Skule had 1,262 common shares withheld for taxes on October 1, 2026, in connection with settlement of an equity award previously granted under the company’s Equity Incentive Plan; the reported price was $92.01 per share. His reported post-transaction position was 98,811 shares or units, including 34,249 restricted stock shares or units, 60,843 shares underlying PSUs, and 3,719 shares purchased under the Employee Stock Purchase Plan.

Insider Trade Summary

Tax Withholding: 1,262 shares

Tax Withholding 1 txn

Insider SKULE JEREMY

Role EVP, CSO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $0.01 per share F1, F2	1,262	$92.01	$116K

Holdings After Transaction: Common Stock, par value $0.01 per share — 98,811 shares (Direct)

Footnotes (2)

1. F1. Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
2. F2. Represents (i) 34,249 shares or units of restricted stock, of which 10,570 are vested, (ii) 60,843 shares of Common Stock underlying PSUs, 52,817 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

Key Figures

Tax withholding: 1,262 common shares Reported price: $92.01 per share Post-transaction position: 98,811 shares or units +3 more

6 metrics

Tax withholding 1,262 common shares October 1, 2026

Reported price $92.01 per share Tax-withholding transaction on October 1, 2026

Post-transaction position 98,811 shares or units Reported after the October 1, 2026 transaction

Restricted stock 34,249 shares or units; 10,570 vested Included in the reported post-transaction position

Shares underlying PSUs 60,843 shares; 52,817 vested Included in the reported post-transaction position

Employee Stock Purchase Plan 3,719 shares Included in the reported post-transaction position

Key Terms

restricted stock, PSUs, Employee Stock Purchase Plan, Equity Incentive Plan

4 terms

restricted stock financial

"34,249 shares or units of restricted stock, of which 10,570 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

"60,843 shares of Common Stock underlying PSUs"

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.

Employee Stock Purchase Plan financial

"3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Equity Incentive Plan financial

"previously granted under 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.

FAQ

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

How many NDAQ shares did Jeremy Skule have withheld for taxes?

Jeremy Skule, Nasdaq, Inc.’s EVP, CSO, had 1,262 common shares withheld for taxes on October 1, 2026, at a reported price of $92.01 per share. The withholding was connected with settlement of an equity award previously granted under the company’s Equity Incentive Plan.

What did Jeremy Skule report as his NDAQ holdings after the withholding?

His reported post-transaction position was 98,811 shares or units. It included 34,249 restricted stock shares or units, of which 10,570 were vested; 60,843 shares underlying PSUs, of which 52,817 were vested; and 3,719 shares purchased under the Employee Stock Purchase Plan.

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

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Available on EDGAR 10/05/2026 - 04:05 PM Accepted by SEC EDGAR 10/05/2026 - 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^*

SKULE JEREMY

(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)
	EVP, CSO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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	10/01/2026		F(1)		1,262	D	$92.01	98,811(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 shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.

2. Represents (i) 34,249 shares or units of restricted stock, of which 10,570 are vested, (ii) 60,843 shares of Common Stock underlying PSUs, 52,817 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

	/s/ Alex Kogan, by power of attorney	10/05/2026
	** 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)