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
Feb 11, 2026
Reporting period
Not applicable
Filed with the SEC
Feb 13, 2026
OfficerGrant / award
Context
Classification
grant award
Code A — grant or award
Planned / mechanical clue
Footnote references an employee stock purchase plan
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001193125-26-051391
Filed / recorded
Feb 13, 2026, 9:10 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
Bryan Everard Smith
Relationship
Officer
Officer title
EVP, CPO
Security
Common Stock, par value $0.01 per share
Table
Non-derivative (Table I)
Transaction date
Feb 11, 2026
Transaction code
A
Shares / units
8,026
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
76,860
Ownership form
Direct
Amendment
No
Footnotes from the filing
Represents PSUs that were previously granted under Nasdaq's Equity Incentive Plan. The ultimate amount of shares of Common Stock to be received under the grant depended upon the achievement of performance goals during a two-year performance period from January 1, 2024 through December 31, 2025. The shares underlying the PSUs will vest on January 4, 2027.
Represents (i) 20,871 shares or units of restricted stock, of which 1,465 are vested, (ii) 51,366 shares of Common Stock underlying PSUs, 43,340 of which are vested, and (iii) 4,623 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
Congress trade