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
0001193125-26-051315
Filed / recorded
Feb 13, 2026, 9:04 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
Michelle Lynn Daly
Relationship
Officer
Officer title
SVP, Controller & PAO
Security
Common Stock, par value $0.01 per share
Table
Non-derivative (Table I)
Transaction date
Feb 11, 2026
Transaction code
A
Shares / units
1,764
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
14,982
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) 7,212 shares or units of restricted stock, of which 0 are vested, (ii) 6,103 shares of Common Stock underlying PSUs, 4,339 of which are vested and, (iii) 1,667 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
Congressional trade