Insider trade

CEO exercised or converted 300K NDAQ derivative securities

Traded Jan 2, 2026 · Filed Jan 6, 2026

Nasdaq, Inc.NDAQ

300K
Shares · @ $22.22

Why it stands out

Derivative exercise or conversion — not an open-market buy.

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 Ownership

All the details

Dates, kept separate

Transaction date: Jan 2, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 6, 2026

CEOOption exercise

Context

Classification

option exercise

Code M — exercise or conversion of a derivative security

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

Source receipt

Record ID: 0001193125-26-004362
Filed / recorded

Jan 6, 2026, 9:00 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

Adena T Friedman

Relationship

Director, Officer

Officer title

Chair and CEO

Security

Common Stock, par value $0.01 per share

Table

Non-derivative (Table I)

Transaction date

Jan 2, 2026

Transaction code

M

Shares / units

300,000

Price per share

$22.22

Acquired / disposed

Acquired (A)

Shares owned after

2,224,903

Ownership form

Direct

Amendment

No

Around the same time

8mo ago

4,680Shares

Gift or transfer — classified separately from trades.

Why it stands out Official record

8mo ago

4,680Shares

Gift or transfer — classified separately from trades.

Why it stands out Official record

8mo ago

300KShares · @ $22.22

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record