Nasdaq, Inc. (NDAQ)10% owner bought ~$15.8M

~$15.8M

Approx. value · 200K sh @ $79.18

58.4M

Holds after · shares reported

Traded

Feb 13, 2026

Filed

Feb 13, 2026

The story around this disclosure

Every dated public record OQRO holds about the company from 60 days before to 120 days after, oldest first. It shows what was going on; none of it is a stated reason for the trade.

1. Jan 2, 2026Insider · Their largest sale since 2006CEO sold ~$28.9M of NDAQ shares in the open market
2. Jan 6, 2026InsiderOfficer sold ~$450K of NDAQ shares in the open market
3. Jan 14, 2026Company filing · Form 8-K · Bylaws or charterChanged its bylaws, charter or fiscal year
4. Jan 22, 2026Government · Federal Register noticeOrder Granting Limited Exemption Pursuant to Rule 612(d) of Regulation NMS to Cboe BYX Exchange, Inc. From Rule 612 of Regulation NMS
5. Jan 29, 2026Company filing · Form 8-K · Results, Reg FDReported its results, and shared information with investors (and 1 more item)
6. Feb 2, 2026InsiderCEO sold ~$29.1M of NDAQ shares in the open market
7. Feb 13, 2026 · this disclosureInsider · Largest insider buy since 200610% owner purchased ~$15.8M of NDAQ shares in the open market

What came next

1. Feb 17, 2026Insider · First buy since 2023Director purchased ~$958K of NDAQ shares in the open market
2. Feb 19, 2026InsiderOfficer sold ~$353K of NDAQ shares in the open market
3. Feb 27, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
4. Mar 2, 2026InsiderOfficer sold ~$523K of NDAQ shares in the open market
5. Mar 3, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
6. Mar 4, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
7. Mar 6, 2026InsiderCEO sold ~$8.36M of NDAQ shares in the open market
8. Mar 9, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
9. Mar 10, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
10. Mar 18, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
11. Mar 27, 20265% stakeThe Vanguard Group reported a passive stake (13G)
12. Mar 31, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
13. Apr 1, 2026InsiderCEO sold ~$9.71M of NDAQ shares in the open market
14. Apr 23, 2026Company filing · Form 8-K · Results, Reg FDReported its results, and shared information with investors (and 1 more item)
15. Apr 24, 2026Insider · 1 personInsiders: 2 sales (~$118K)
16. Apr 24, 2026CongressDisclosed purchase of NDAQ — reported range $1,001 - $15,000
17. Apr 27, 2026Insider · Their largest sale since 2020Officer sold ~$1.41M of NDAQ shares in the open market
18. Apr 28, 2026InsiderOfficer sold ~$700K of NDAQ shares in the open market
19. Apr 30, 20265% stakeVanguard Capital Management reported a passive stake (13G) of 6.3%
20. May 7, 2026Government · Federal Register proposed ruleSemiannual Reporting

How to read SEC Form 4

Form 4 is the filing that officers, directors and owners of more than 10% of a US-listed company must send to the SEC within two business days after they buy, sell or otherwise change their holding of the company's stock.

Full guide: What is an SEC Form 4?

What else is on file for Nasdaq, Inc.

For Nasdaq, Inc., OQRO holds 12 insider filings (SEC Form 4 or Form 144), 2 Congress trade reports and 19 fund holdings reports (13F) dated in the last 90 days.

These are records OQRO holds, counted by their date, not a measure of how much trading took place. Routine paperwork such as option exercises and tax withholding is left out. Everything for the company is on its NDAQ page.

Other recent filings by INVESTOR AB, 10% owner

• SEC Form 4 at Nasdaq, Inc. (NDAQ)Jun 15, 2026

The full history of INVESTOR AB, 10% owner is on the profile page.

How this filing works

• SEC Form 4
• Open-market purchase
• Rule 10b5-1 trading plans

Other disclosures at Nasdaq, Inc.

• SEC Form 4Sep 24, 2026
• SEC Form 144Sep 22, 2026
• SEC Form 4Sep 14, 2026
• SEC Form 144Sep 10, 2026
• House Clerk periodic transaction reportSep 9, 2026
• SEC Form 13F-HRAug 18, 2026

Everything OQRO holds on this company is on its NDAQ page.