Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Jun 10, 2026
Reporting period
Not applicable
Filed with the SEC
Jun 12, 2026
DirectorGrant / award
Context
Classification
grant award
Code A — grant or award
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001193125-26-269534
Filed / recorded
Jun 12, 2026, 8:26 PM UTC
Added to OQRO
Oct 2, 2026, 12:28 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
NASDAQ, INC.
Issuer CIK
1120193
Ticker
NDAQ
Reporting person
Paul Holden Jr. Spaht
Relationship
Director
Security
Common Stock, par value $0.01 per share
Table
Non-derivative (Table I)
Transaction date
Jun 10, 2026
Transaction code
A
Shares / units
2,998
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
13,399
Ownership form
Direct
Amendment
No
Footnotes from the filing
Represents an award of Restricted Stock Units (RSUs) granted pursuant to the Issuer's Equity Incentive Plan. Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The entirety of the RSUs vest on June 10, 2027.
Represents 13,399 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 10,401 are vested as of the filing date of this Form 4.
Because such restricted stock are held by the reporting person for the benefit of Thoma Bravo, L.P., the reporting person disclaims beneficial ownership of and all right, title, and interest in the restricted stock 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.
