Nasdaq executive sells 5,093 company shares

Nelson Griggs, President of Capital Access Platforms at Nasdaq, Inc., reported an open-market sale of 5,093 shares of common stock at $92.62 per share on May 18, 2026.

Accepted by SEC EDGAR 05/20/2026 - 04:05 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Nelson Griggs, President of Capital Access Platforms at Nasdaq, Inc., reported an open-market sale of 5,093 shares of common stock at $92.62 per share on May 18, 2026. After this transaction, he directly holds 233,798 shares. Footnote disclosures also list sizeable restricted stock and performance stock unit awards, with a substantial portion already vested.

Insider Trade Summary

Net Seller: 5,093 shares

Net Sell 1 txn

Insider Griggs PC Nelson

Role Pres. Capital Access Platforms

Sold 5,093 shs ($472K)

Share of Position Sold 2.1%

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	5,093	$92.62	$472K

Holdings After Transaction: Common Stock, par value $0.01 per share — 233,798 shares (Direct)

Holdings Before and After: Common Stock, par value $0.01 per share, 238,891 to 233,798 shares (Direct)

Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. Represents (i) 77,970 shares or units of restricted stock, of which 42,766 are vested and (ii) 155,828 shares of Common Stock underlying PSUs, 142,986 of which are vested.

Key Figures

Shares sold: 5,093 shares Sale price: $92.62 per share Direct holdings after sale: 233,798 shares +4 more

7 metrics

Shares sold 5,093 shares Open-market sale on May 18, 2026

Sale price $92.62 per share Price for 5,093 common shares sold

Direct holdings after sale 233,798 shares Common stock directly owned following transaction

Restricted stock/units 77,970 shares or units Restricted stock, 42,766 vested

Vested restricted stock 42,766 shares or units Portion of restricted stock/units already vested

PSUs outstanding 155,828 shares underlying PSUs Performance stock units, 142,986 vested

Vested PSUs 142,986 shares underlying PSUs Vested portion of performance stock units

Key Terms

open-market sale, restricted stock, PSUs, Common Stock

4 terms

open-market sale financial

"reported an open-market sale of 5,093 shares of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

restricted stock financial

"Represents (i) 77,970 shares or units of restricted stock, of which 42,766 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

"155,828 shares of Common Stock underlying PSUs, 142,986 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.

Common Stock financial

"Common Stock, par value $0.01 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What insider transaction did Nelson Griggs report for Nasdaq (NDAQ)?

Nelson Griggs reported an open-market sale of 5,093 Nasdaq common shares. The sale occurred on May 18, 2026, at a price of $92.62 per share, according to the Form 4 insider filing data provided.

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

He sold 5,093 Nasdaq common shares at $92.62 per share. This price reflects the transaction value disclosed in the Form 4, which characterizes the trade as an open-market sale of non-derivative common stock.

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

After the reported sale, Nelson Griggs directly holds 233,798 Nasdaq common shares. This post-transaction ownership figure comes from the Form 4 and helps show that the sale represents a relatively small portion of his total direct holdings.

What equity awards does Nelson Griggs have in addition to Nasdaq (NDAQ) shares?

He has 77,970 restricted stock or units, of which 42,766 are vested, and 155,828 performance stock units, of which 142,986 are vested. These awards, disclosed in a footnote, supplement his direct common share ownership position.

Is the Nelson Griggs Nasdaq (NDAQ) trade an open-market sale?

Yes. The Form 4 identifies the transaction with code “S” and describes it as an open-market or private sale. The filing specifically labels the action as an open-market sale of non-derivative common stock at a stated per-share price.

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

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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)
05/18/2026

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	05/18/2026		S		5,093	D	$92.62	233,798(1)	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 (i) 77,970 shares or units of restricted stock, of which 42,766 are vested and (ii) 155,828 shares of Common Stock underlying PSUs, 142,986 of which are vested.

	/s/ Alex Kogan, by power of attorney	05/20/2026
	** 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)