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Jeffery Yabuki (NDAQ) reports 4,612-share RSU grant and updated holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

YABUKI JEFFERY W reported acquisition or exercise transactions in this Form 4 filing.

NASDAQ, INC. director Jeffery W. Yabuki reported an equity compensation award rather than an open-market trade. He received 4,612 Restricted Stock Units (RSUs) of common stock at no cost under Nasdaq's Equity Incentive Plan.

The entire RSU grant vests on June 10, 2027. After this award, he holds 22,959 RSUs in total, of which 18,347 are already vested, plus 60 common shares held indirectly through a revocable family trust where he serves as trustee.

Positive

  • None.

Negative

  • None.
Insider YABUKI JEFFERY W
Role null
Type Security Shares Price Value
Grant/Award Common Stock, par value $0.01 per share 4,612 $0.00 --
holding Common Stock, par value $0.01 per share -- -- --
Holdings After Transaction: Common Stock, par value $0.01 per share — 22,959 shares (Direct, null); Common Stock, par value $0.01 per share — 60 shares (Indirect, Held by family trust)
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 22,959 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 18,347 are vested as of the filing date of this Form 4. Reflects shares held in a revocable family trust, of which the reporting person is the trustee.
RSU grant size 4,612 RSUs Award granted under Nasdaq's Equity Incentive Plan
Total RSUs held 22,959 RSUs RSUs granted pursuant to Nasdaq's Equity Incentive Plan
Vested RSUs 18,347 RSUs Vested as of the Form 4 filing date
New RSU vesting date June 10, 2027 Full vesting date for 4,612 newly granted RSUs
Indirect common shares 60 shares Held in a revocable family trust where Yabuki is trustee
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.
revocable family trust financial
"Reflects shares held in a revocable family trust, of which the reporting person is the trustee."
vesting financial
"The entirety of the RSUs vest on June 10, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
YABUKI JEFFERY 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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.01 per share06/10/2026A(1)4,612A$0.0022,959(2)D
Common Stock, par value $0.01 per share60(3)IHeld by family trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 22,959 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 18,347 are vested as of the filing date of this Form 4.
3. Reflects shares held in a revocable family trust, of which the reporting person is the trustee.
/s/ Alex Kogan, by power of attorney06/12/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did NDAQ director Jeffery Yabuki report?

Jeffery Yabuki reported an equity award of 4,612 Restricted Stock Units (RSUs), not an open-market trade. The award was granted at no cost under Nasdaq’s Equity Incentive Plan and represents additional stock-based compensation tied to his role as a director.

How many Nasdaq (NDAQ) RSUs does Jeffery Yabuki hold after this Form 4?

After the reported grant, Jeffery Yabuki holds a total of 22,959 RSUs. Of these, 18,347 RSUs are already vested as of the Form 4 filing date, while the remaining units are unvested and subject to future vesting conditions.

When do Jeffery Yabuki’s newly granted NDAQ RSUs vest?

The 4,612 newly granted RSUs vest in full on June 10, 2027. Until that date, they remain unvested stock-based awards that can settle into Nasdaq common shares if the specified vesting conditions are satisfied and Yabuki continues in eligible service.

Were Jeffery Yabuki’s NDAQ shares on this Form 4 bought or sold in the market?

The filing shows an equity grant, not a market purchase or sale. Yabuki received 4,612 RSUs at a price of $0.00 per unit as compensation, so no open-market buying or selling activity is reported in this Form 4.

What indirect Nasdaq (NDAQ) holdings does Jeffery Yabuki report?

Yabuki reports 60 shares of Nasdaq common stock held indirectly through a revocable family trust. A footnote states he is the trustee of this trust, which means he has authority over those shares in addition to his directly held RSU awards.

What is the structure of Jeffery Yabuki’s NDAQ equity compensation as of this filing?

As of this filing, Yabuki’s equity consists of 22,959 RSUs granted under Nasdaq’s Equity Incentive Plan, with 18,347 RSUs already vested. He also reports 60 common shares held in a revocable family trust, reflecting both direct and indirect equity exposure.