Nasdaq Inc SEC Filings

Griggs PC Nelson reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 77,448 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 239,853 shares.

Daly Michelle Lynn reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 11,263 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 15,798 shares.

Tal Cohen reported multiple insider transaction types in a Form 4 filing for NDAQ. The filing lists transactions totaling 77,448 shares at a weighted average price of $82.51 per share. Following the reported transactions, holdings were 235,674 shares.

Nasdaq, Inc. executive John Zecca reported multiple equity award transactions in company stock. On February 11, 2026, he acquired 24,602 shares of Common Stock at $0 through settlement of performance share units tied to goals for the period from January 1, 2023 through December 31, 2025.

On the same date, 9,430 shares were disposed of at $82.51 to cover taxes related to that settlement. He also received an additional 8,026 shares at $0 in connection with performance share units based on goals for January 1, 2024 through December 31, 2025, with underlying shares scheduled to vest on January 4, 2027. After these transactions, he directly held 148,872 shares of Nasdaq Common Stock, including restricted stock and vested and unvested performance share units.

Investor AB, a 10% owner of Nasdaq, Inc. (NDAQ), reported an indirect open‑market purchase of 200,000 shares of common stock. The transaction on February 13, 2026 was executed at a weighted average price of $79.1752 per share, across multiple trades between $79.10 and $79.52.

The shares are held directly by Innax AB (formerly Patricia Holding AB), for which Investor AB is the sole shareholder. Following this transaction, entities associated with the reporting person indirectly hold 58,382,426 shares of Nasdaq common stock, with certain parties disclaiming beneficial ownership except to the extent of their pecuniary interest.

Nasdaq, Inc. describes how it has evolved into a global technology platform powering markets, data and regulatory infrastructure worldwide. The company now organizes its business into three segments: Capital Access Platforms, Financial Technology and Market Services, serving about 3,800 clients and more than 135 marketplaces in over 55 countries.

As of December 31, 2025, Nasdaq hosted 5,599 listed companies across its U.S., Nordic, Baltic and First North exchanges, including 4,480 on The Nasdaq Stock Market and 1,119 on Nordic and Baltic venues. In 2025, there were 784 new U.S. listings, with 155 operating-company IPOs, 126 SPAC IPOs, 20 exchange switches and 452 ETP and other listings.

Nasdaq’s index franchise remains significant, with 451 ETPs on 27 exchanges tracking its indices and $882 billion in assets tied to them as of December 31, 2025; more than $640 billion tracked Nasdaq-100 core indices. The firm also details a substantial note program, including dollar and euro senior unsecured notes maturing between 2026 and 2063.

The filing highlights strategic emphasis on AI, cloud migration with AWS, and the Adenza (AxiomSL and Calypso) acquisition to deepen regulatory technology and trading solutions. Nasdaq outlines plans for 23-hour Global Trading Hours on The Nasdaq Stock Market in the second half of 2026, subject to regulatory approval, and a wind-down of its Nordic power futures and related commodities clearing by 2026.

Nasdaq also underscores sustainability and human-capital priorities. As of December 31, 2025, it employed 9,525 people, reported an 81% favorable employee engagement score and a 5.6% voluntary attrition rate, and describes progress toward science-based climate targets and expanded ESG data and reporting tools for clients.

Nasdaq, Inc. director Michael R. Splinter reported a gift of 4,680 shares of Nasdaq common stock on January 30, 2026. The shares were transferred at a price of $0 under transaction code G, which denotes a bona fide gift.

Following the transaction, he was shown with 212,742 equity-based units related to Nasdaq’s equity incentive plan, of which 207,501 were vested, and 15,225 shares held indirectly through family trusts where he serves as trustee.

Nasdaq, Inc. Chair and CEO Adena T. Friedman exercised employee stock options for 300,000 shares of common stock at an exercise price of $22.22 per share and on the same day sold 300,000 shares at a weighted average price of $96.91 per share under a pre-arranged Rule 10b5-1(c) trading plan adopted on September 11, 2025.

After these transactions, she directly holds 1,924,903 shares of Nasdaq common stock and 206,451 employee stock options at a $22.22 exercise price, plus an additional 306,936 options at a $67.48 exercise price that vest on January 3, 2027.

She also has indirect beneficial ownership of 73,500 Nasdaq shares in each of two family trusts established for estate planning purposes.

Nasdaq, Inc. filed a Form 8-K to report that it issued a press release with financial results for the fourth quarter and full fiscal year of 2025. The company also announced that it declared a quarterly cash dividend and posted related earnings presentation slides on its investor relations website.

The filing attaches the earnings press release as Exhibit 99.1 and the dividend press release as Exhibit 99.2, with both dated January 29, 2026.

Nasdaq, Inc. filed a Form 8-K to report that it issued a press release with financial results for the fourth quarter and full fiscal year of 2025. The company also announced that it declared a quarterly cash dividend and posted related earnings presentation slides on its investor relations website.

The filing attaches the earnings press release as Exhibit 99.1 and the dividend press release as Exhibit 99.2, with both dated January 29, 2026.