ADENA T. FRIEDMAN - 31 Jul 2023 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role
Chair and CEO, Director
Signature
/s/ Alex Kogan, by power of attorney
Issuer symbol
NDAQ
Transactions as of
31 Jul 2023
Transactions value $
$510,000
Form type
4
Filing time
02 Aug 2023, 16:12:16 UTC
Previous filing
05 Apr 2023
Next filing
23 Feb 2024
SEC
View on sec.gov

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 Purchase $510K +10K +0.6% $51.00 1.67M 31 Jul 2023 Direct F1
holding NDAQ Common Stock, par value $0.01 per share 73.5K 31 Jul 2023 Held by The A.T. Friedman Irrevocable Trust No. 1 F2
holding NDAQ Common Stock, par value $0.01 per share 73.5K 31 Jul 2023 Held by The A.T. Friedman Irrevocable Trust No. 2 F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NDAQ Employee Stock Option (Right to Buy) 307K 31 Jul 2023 Common Stock 307K $67.48 Direct F3
holding NDAQ Employee Stock Option (Right to Buy) 806K 31 Jul 2023 Common Stock 806K $22.22 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents (i) 404,213 shares or units of restricted stock, of which 270,820 are vested, (ii) 1,154,752 vested shares underlying PSUs, (iii) 10,000 shares of common stock acquired through open market purchases and (iv) 103,353 shares granted under Nasdaq's Equity Incentive Plan or acquired under Nasdaq's Employee Stock Purchase Plan when Ms. Friedman was previously an employee of Nasdaq prior to returning as President in 2014.
F2 Reflects shares gifted for estate planning purposes to a family trust for the benefit of the reporting person's child, of which the reporting person's spouse is the trustee and the reporting person's brother is the investment advisor.
F3 The option vests on January 3, 2027.
F4 Options exercisable.