Michelle Lynn Daly - Feb 9, 2023 Form 4 Insider Report for NASDAQ, INC. (NDAQ)

Role: Controller and Prin Acctg Ofcr
Signature: /s/ Alex Kogan, by power of attorney
Stock symbol: NDAQ
Transactions as of: Feb 9, 2023
Transactions value $: -$118,981
Form type: 4
Date filed: 2/13/2023, 03:02 PM
Previous filing: Jul 5, 2022
Next filing: Apr 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NDAQ	Common Stock, par value $0.01 per share	Sale	-$119K	-2K	-18.21%	$59.55	8.97K	Feb 9, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.55 to $59.56, inclusive. The reporting person undertakes to provide to Nasdaq, any security holder of Nasdaq or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2	Represents (i) 8,472 shares or units of restricted stock, of which 0 are vested and (ii) 499 shares purchased under the Employee Stock Purchase Plan. Total shares reported reflect the Company's three-for-one stock split, which was effected through a stock dividend on August 26, 2022.

Content

The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.55 to $59.56, inclusive. The reporting person undertakes to provide to Nasdaq, any security holder of Nasdaq or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

Represents (i) 8,472 shares or units of restricted stock, of which 0 are vested and (ii) 499 shares purchased under the Employee Stock Purchase Plan. Total shares reported reflect the Company's three-for-one stock split, which was effected through a stock dividend on August 26, 2022.