Nasdaq Inc SEC Filings

Nasdaq, Inc. reported a strong first quarter of 2026 with broad-based growth and a higher dividend. Revenues less transaction-based expenses, or net revenue, reached $1.407 billion, up 14% year over year. Solutions revenue was $1.082 billion, also up 14%, while annualized recurring revenue rose to $3.188 billion, a 13% increase.

GAAP operating income grew to $657 million, up 20%, and non-GAAP operating income climbed 17% to $799 million. GAAP diluted EPS increased to $0.91, up 33%, and non-GAAP diluted EPS rose to $0.96, up 22%. Nasdaq returned over $700 million to shareholders in the quarter, including nearly $550 million of share repurchases, and declared a higher regular quarterly dividend of $0.31 per share, up from $0.27 a year earlier.

NASDAQ, INC. senior vice president and controller Michelle Lynn Daly had 424 shares of common stock withheld on April 3, 2026 to cover taxes tied to the settlement of a prior equity award. This was a tax-withholding disposition, not an open-market sale.

After the withholding, she directly holds 11,412 shares, consisting of restricted stock or units, performance share units and shares purchased through the employee stock purchase plan.

Nasdaq, Inc. Chair and CEO Adena T. Friedman reported a routine tax-related share disposition. On April 3, 2026, 8,075 shares of common stock were withheld at $86.65 per share to cover taxes on a previously granted equity award, rather than sold on the open market.

After this withholding, she directly owns 1,983,866 shares of Nasdaq common stock, a large remaining position. She also holds employee stock options covering 306,936 underlying shares at a $67.48 exercise price expiring on January 3, 2032, plus indirect holdings of 73,500 shares in each of two family trusts.

NASDAQ, INC. executive vice president and CIO Bradley J. Peterson had 1,499 shares of common stock withheld at $86.65 per share to cover taxes tied to the settlement of a prior equity award under the company’s Equity Incentive Plan. This was a tax-withholding disposition, not an open-market sale. After the transaction, he holds 148,745 shares and units directly, including restricted stock, performance stock units and shares purchased through the Employee Stock Purchase Plan.

Nasdaq, Inc. executive Jeremy Skule reported a routine tax-withholding disposition of company stock. On the settlement of a prior equity award under Nasdaq’s Equity Incentive Plan, 1,017 shares of Common Stock were withheld to cover taxes at an effective price of $86.65 per share.

After this non-market transaction, Skule directly holds 104,573 Nasdaq shares. This includes 37,779 shares or units of restricted stock, of which 11,819 are vested, 63,075 shares of Common Stock underlying performance share units, 55,049 of which are vested, and 3,719 shares purchased under the Employee Stock Purchase Plan.

Nasdaq, Inc. executive Bryan Everard Smith, EVP and Chief People Officer, reported a tax-related share withholding. On settlement of a prior equity award under Nasdaq's Equity Incentive Plan, 813 shares of common stock were withheld to cover taxes at an indicated price of $86.65 per share.

Following this routine tax-withholding disposition, Smith directly holds 74,944 shares of Nasdaq common stock. Footnotes also describe additional equity exposure through restricted stock, performance stock units, and shares acquired under the Employee Stock Purchase Plan.

Nasdaq, Inc. executive Tal Cohen reported a routine tax-related share disposition. On the settlement of a previously granted equity award, 1,565 shares of common stock were withheld at $86.65 per share to cover tax obligations, rather than sold in the open market.

After this withholding, Cohen directly holds 230,726 shares and units tied to Nasdaq equity. These include 126,563 shares or units of restricted stock, of which 53,203 are vested, 102,535 shares underlying performance stock units, of which 89,693 are vested, and 1,628 shares purchased through the company’s employee stock purchase plan.

Nasdaq, Inc. executive Nelson Griggs reported a routine tax-withholding share disposition related to an equity award. On April 3, he had 1,565 shares of common stock withheld at $86.65 per share to satisfy taxes due on the settlement of a prior equity incentive grant.

After this transaction, he directly holds 238,891 shares of Nasdaq common stock. Footnotes state this includes 83,063 restricted shares or units, of which 47,859 are vested, and 155,828 shares underlying performance stock units, of which 142,986 are vested.

NASDAQ, INC. executive John Zecca, EVP and Global CLO, reported a routine tax-related share disposition. On the equity award settlement date, 780 shares of common stock were withheld at $86.65 per share to cover tax obligations under the company’s Equity Incentive Plan.

Following this withholding, Zecca’s reported holdings total 153,334 shares of common stock-linked interests, consisting of 26,733 restricted stock or units and 126,601 performance share units. Many of these awards are already vested, indicating a substantial ongoing equity stake.

Nasdaq, Inc. Chair and CEO Adena Friedman exercised employee stock options for 113,611 shares of Common Stock at $22.22 per share and sold 113,611 shares at a weighted average price of $85.44 under a pre-arranged Rule 10b5-1(c) trading plan. She received a grant of 39,929 Restricted Stock Units (RSUs), which vest in stages on April 1, 2028, April 1, 2029, and April 1, 2030, and had 13,739 shares withheld to cover taxes on an earlier equity award. After these transactions, she directly holds 1,991,941 shares of Common Stock and retains an option over 306,936 shares at an exercise price of $67.48 expiring on January 3, 2032, along with indirect holdings of 73,500 shares in each of two family trusts.