Paul Holden Spaht Jr. - Jun 4, 2025 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role: Director
Signature: /s/ Holden Spaht
Stock symbol: NDAQ
Transactions as of: Jun 4, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/5/2025, 07:57 PM
Previous filing: Jun 13, 2024
Next filing: Jun 13, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SPAHT PAUL HOLDEN JR.	Director	151 W. 42ND STREET, NEW YORK	/s/ Holden Spaht	2025-06-05	0001862654

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NDAQ	Common Stock, par value $0.01 per share	Gift	$0	-447K	-98.37%	$0.00	7.41K	Jun 4, 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were received in a pro rata distribution for no consideration.
F2	The reported securities are held by the reporting person for the benefit of Thoma Bravo, L.P. Accordingly, the reporting person disclaims beneficial ownership of, and all right, title and interest in, the securities reported or referenced herein and the filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the reported securities.

Content

The reported securities were received in a pro rata distribution for no consideration.

The reported securities are held by the reporting person for the benefit of Thoma Bravo, L.P. Accordingly, the reporting person disclaims beneficial ownership of, and all right, title and interest in, the securities reported or referenced herein and the filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of the reported securities.