NDAQ

SEC source: 0001193125-26-140410 · ownership.xml · nonDerivative · entry 1

Daly Michelle Lynn · CIK 0001860776 · SVP, Controller & PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,668

F1 · kind: 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 RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.

SEC source: 0001193125-26-140420 · ownership.xml · nonDerivative · entry 2

Smith Bryan Everard · CIK 0001799366 · EVP, CPO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 75,757

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.

F3 · balance_after: Represents (i) 25,768 shares or units of restricted stock, of which 3,200 are vested, (ii) 45,366 shares of Common Stock underlying PSUs, 37,340 of which are vested, and (iii) 4,623 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-140420 · ownership.xml · nonDerivative · entry 1

Smith Bryan Everard · CIK 0001799366 · EVP, CPO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 77,906

F1 · kind: 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 RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.

SEC source: 0001193125-26-140402 · ownership.xml · nonDerivative · entry 2

Tal Cohen · CIK 0001781714 · Pres. Market Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 232,291

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.

F3 · balance_after: Represents (i) 128,128 shares or units of restricted stock, of which 51,704 are vested, (ii) 102,535 shares of Common Stock underlying PSUs, 89,693 of which are vested, and (iii) 1,628 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-140402 · ownership.xml · nonDerivative · entry 1

Tal Cohen · CIK 0001781714 · Pres. Market Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 243,432

F1 · kind: 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 RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.

SEC source: 0001193125-26-140378 · ownership.xml · nonDerivative · entry 2

SKULE JEREMY · CIK 0001736565 · EVP, CSO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 105,590

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.

F3 · balance_after: Represents (i) 38,796 shares or units of restricted stock, of which 10,998 are vested, (ii) 63,075 shares of Common Stock underlying PSUs, 55,049 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-140378 · ownership.xml · nonDerivative · entry 1

SKULE JEREMY · CIK 0001736565 · EVP, CSO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 107,922

F1 · kind: 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 RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.

SEC source: 0001193125-26-140394 · ownership.xml · nonDerivative · entry 2

Peterson Bradley J · CIK 0001568592 · EVP, CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,244

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.

F3 · balance_after: Represents (i) 70,086 shares or units of restricted stock, of which 41,017 are vested, (ii) 75,118 shares of Common Stock underlying PSUs, 65,486 of which are vested, and (iii) 5,040 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-140394 · ownership.xml · nonDerivative · entry 1

Peterson Bradley J · CIK 0001568592 · EVP, CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 153,005

F1 · kind: 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 RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.

SEC source: 0001193125-26-140370 · ownership.xml · nonDerivative · entry 2

Griggs PC Nelson · CIK 0001622632 · Pres. Capital Access Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 240,456

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.

F3 · balance_after: Represents (i) 84,628 shares or units of restricted stock, of which 46,360 are vested and (ii) 155,828 shares of Common Stock underlying PSUs, 142,986 of which are vested.

SEC source: 0001193125-26-140370 · ownership.xml · nonDerivative · entry 1

Griggs PC Nelson · CIK 0001622632 · Pres. Capital Access Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 243,764

F1 · kind: 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 RSUs shall vest with respect to 33% of the RSUs on April 1, 2028, 33% on April 1, 2029, and the remainder on April 1, 2030.

SEC source: 0001193125-26-106155 · ownership.xml · nonDerivative · entry 2

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,965,751

F2 · kind: Reflects shares gifted by the reporting person to a donor advised fund. The reporting person does not exercise voting or investment control, directly or indirectly, over the donated shares following this transfer.

F3 · balance_after: Represents (i) 440,450 shares or units of restricted stock, of which 314,204 are vested, (ii) 1,411,948 shares of Common Stock underlying PSUs, 1,370,208 of which are vested, (iii) 10,000 shares of Common Stock acquired through open market purchases, and (iv) 103,353 shares granted under the Issuer's Equity Incentive Plan or the Issuer's Employee Stock Purchase Plan when the reporting person was an employee of the Issuer prior to returning as President in 2014.

SEC source: 0001193125-26-106155 · ownership.xml · nonDerivative · entry 1

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,022,537

F1 · kind: Reflects shares gifted by the reporting person to a charitable institution. The reporting person does not exercise voting or investment control, directly or indirectly, over the recipient or the donated shares following this transfer.

SEC source: 0001193125-26-100106 · ownership.xml · derivative · entry 5

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 113,611

Underlying: Common Stock · 92,840 shares

Expires 2027-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The option is currently exercisable.

SEC source: 0001193125-26-100106 · ownership.xml · nonDerivative · entry 2

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 2,079,323

F1 · kind: The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on September 11, 2025.

F2 · price: The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.37, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F3 · balance_after: Represents (i) 440,450 shares or units of restricted stock, of which 314,204 are vested, (ii) 1,525,520 shares of Common Stock underlying PSUs, 1,483,780 of which are vested, (iii) 10,000 shares of Common Stock acquired through open market purchases, and (iv) 103,353 shares granted under the Issuer's Equity Incentive Plan or the Issuer's Employee Stock Purchase Plan when the reporting person was an employee of the Issuer prior to returning as President in 2014.

SEC source: 0001193125-26-100106 · ownership.xml · nonDerivative · entry 1

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 2,172,163

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001193125-26-091449 · ownership.xml · nonDerivative · entry 1

Smith Bryan Everard · CIK 0001799366 · EVP, CPO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 70,860

F1 · kind: The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on August 29, 2025.

F2 · price: The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.96 to $87.82, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F3 · balance_after: Represents (i) 20,871 shares or units of restricted stock, of which 1,465 are vested, (ii) 45,366 shares of Common Stock underlying PSUs, 37,340 of which are vested, and (iii) 4,623 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-063926 · ownership.xml · nonDerivative · entry 1

Daly Michelle Lynn · CIK 0001860776 · SVP, Controller & PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,643

F1 · balance_after: Represents (i) 7,212 shares or units of restricted stock, of which 0 are vested, (ii) 1,764 shares of Common Stock underlying PSUs, none of which are vested, and (iii) 1,667 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-059323 · ownership.xml · nonDerivative · entry 1

Torgeby Johan · CIK 0001940145 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,797

F1 · balance_after: Represents (i) 14,797 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 11,802 are vested as of the date hereof and (ii) 26,000 shares of common stock acquired through open market purchases.

SEC source: 0001193125-26-051227 · ownership.xml · nonDerivative · entry 1

INVESTOR AB · CIK 0000889232 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 58,382,426

F1 · price: The price reported in Column 4 is a weighted average price. These shares of common stock, par value $0.01 per share (the "Shares") were purchased in multiple transactions at prices ranging from $79.10 to $79.52 per Share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth in this footnote.

F2 · ownership.nature: Reflects Shares of the Issuer held directly by Innax AB (formerly known as Patricia Holding AB). Investor AB is the sole shareholder of Innax AB.

F3 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

SEC source: 0001193125-26-054557 · ownership.xml · nonDerivative · entry 3

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,079,323

F3 · kind: 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.

F4 · balance_after: Represents (i) 440,450 shares or units of restricted stock, of which 314,204 are vested, (ii) 1,525,520 shares of Common Stock underlying PSUs, 1,483,780 of which are vested, (iii) 10,000 shares of Common Stock acquired through open market purchases, and (iv) 103,353 shares granted under the Issuer's Equity Incentive Plan or the Issuer's Employee Stock Purchase Plan when the reporting person was an employee of the Issuer prior to returning as President in 2014.

SEC source: 0001193125-26-054557 · ownership.xml · nonDerivative · entry 2

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,037,583

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-054557 · ownership.xml · nonDerivative · entry 1

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,153,358

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-051288 · ownership.xml · nonDerivative · entry 3

Zecca John · CIK 0001789709 · EVP, Global CLO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 148,872

F3 · kind: 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.

F4 · balance_after: Represents (i) 22,271 shares or units of restricted stock, of which 2,152 are vested and (ii) 126,601 shares of Common Stock underlying PSUs, 118,575 of which are vested.

SEC source: 0001193125-26-051288 · ownership.xml · nonDerivative · entry 2

Zecca John · CIK 0001789709 · EVP, Global CLO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 140,846

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-051288 · ownership.xml · nonDerivative · entry 1

Zecca John · CIK 0001789709 · EVP, Global CLO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,276

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-051391 · ownership.xml · nonDerivative · entry 3

Smith Bryan Everard · CIK 0001799366 · EVP, CPO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 76,860

F3 · kind: 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.

F4 · balance_after: 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.

SEC source: 0001193125-26-051391 · ownership.xml · nonDerivative · entry 2

Smith Bryan Everard · CIK 0001799366 · EVP, CPO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 68,834

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-051391 · ownership.xml · nonDerivative · entry 1

Smith Bryan Everard · CIK 0001799366 · EVP, CPO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 78,758

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-051378 · ownership.xml · nonDerivative · entry 3

SKULE JEREMY · CIK 0001736565 · EVP, CSO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,289

F3 · kind: 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.

F4 · balance_after: Represents (i) 33,495 shares or units of restricted stock, of which 9,116 are vested, (ii) 63,075 shares of Common Stock underlying PSUs, 55,049 of which are vested, and (iii) 3,719 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-051378 · ownership.xml · nonDerivative · entry 2

SKULE JEREMY · CIK 0001736565 · EVP, CSO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,263

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-051378 · ownership.xml · nonDerivative · entry 1

SKULE JEREMY · CIK 0001736565 · EVP, CSO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 105,101

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-051363 · ownership.xml · nonDerivative · entry 3

Peterson Bradley J · CIK 0001568592 · EVP, CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 144,902

F3 · kind: 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.

F4 · balance_after: Represents (i) 64,744 shares or units of restricted stock, of which 38,372 are vested, (ii) 75,118 shares of Common Stock underlying PSUs, 65,486 of which are vested, and (iii) 5,040 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-051363 · ownership.xml · nonDerivative · entry 2

Peterson Bradley J · CIK 0001568592 · EVP, CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 135,227

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-051363 · ownership.xml · nonDerivative · entry 1

Peterson Bradley J · CIK 0001568592 · EVP, CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 154,967

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-051345 · ownership.xml · nonDerivative · entry 3

Griggs PC Nelson · CIK 0001622632 · Pres. Capital Access Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 232,021

F3 · kind: 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.

F4 · balance_after: Represents (i) 76,193 shares or units of restricted stock, of which 43,191 are vested and (ii) 155,828 shares of Common Stock underlying PSUs, 142,986 of which are vested.

SEC source: 0001193125-26-051345 · ownership.xml · nonDerivative · entry 2

Griggs PC Nelson · CIK 0001622632 · Pres. Capital Access Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 219,179

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-051345 · ownership.xml · nonDerivative · entry 1

Griggs PC Nelson · CIK 0001622632 · Pres. Capital Access Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 239,853

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-051315 · ownership.xml · nonDerivative · entry 3

Daly Michelle Lynn · CIK 0001860776 · SVP, Controller & PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,982

F3 · kind: 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.

F4 · balance_after: 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.

SEC source: 0001193125-26-051315 · ownership.xml · nonDerivative · entry 2

Daly Michelle Lynn · CIK 0001860776 · SVP, Controller & PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,218

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-051315 · ownership.xml · nonDerivative · entry 1

Daly Michelle Lynn · CIK 0001860776 · SVP, Controller & PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,798

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-051303 · ownership.xml · nonDerivative · entry 3

Tal Cohen · CIK 0001781714 · Pres. Market Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 228,165

F3 · kind: 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.

F4 · balance_after: Represents (i) 124,002 shares or units of restricted stock, of which 41,026 are vested, (ii) 102,535 shares of Common Stock underlying PSUs, 89,693 of which are vested, and (iii) 1,628 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.

SEC source: 0001193125-26-051303 · ownership.xml · nonDerivative · entry 2

Tal Cohen · CIK 0001781714 · Pres. Market Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 215,000

F2 · kind: Represents shares of Common Stock withheld for taxes in connection with the settlement of PSUs, as described above.

SEC source: 0001193125-26-051303 · ownership.xml · nonDerivative · entry 1

Tal Cohen · CIK 0001781714 · Pres. Market Platforms

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 235,674

F1 · kind: Represents the settlement of performance share units (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 three-year performance period from January 1, 2023 through December 31, 2025.

SEC source: 0001193125-26-035470 · ownership.xml · derivative · entry 5

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 206,451

Underlying: Common Stock · 300,000 shares

Expires 2027-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The option is currently exercisable.

SEC source: 0001193125-26-035470 · ownership.xml · nonDerivative · entry 2

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,924,903

F1 · kind: The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on September 11, 2025.

F2 · price: The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.50 to $97.86, inclusive. The reporting person undertakes to provide to the Issuer, any of its security holders, or the staff of the 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.

F3 · balance_after: Represents (i) 440,450 shares or units of restricted stock, of which 314,204 are vested, (ii) 1,371,100 shares of Common Stock underlying PSUs, all of which are vested, (iii) 10,000 shares of Common Stock acquired through open market purchases, and (iv) 103,353 shares granted under the Issuer's Equity Incentive Plan or the Issuer's Employee Stock Purchase Plan when the reporting person was an employee of the Issuer prior to returning as President in 2014.

SEC source: 0001193125-26-035470 · ownership.xml · nonDerivative · entry 1

FRIEDMAN ADENA T · CIK 0001240169 · Director · Chair and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 2,224,903

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001193125-26-035492 · ownership.xml · nonDerivative · entry 2

SPLINTER MICHAEL R · CIK 0001188935 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Held by family trusts

Disclosed balance after: 15,225

F2 · ownership.nature: Reflects shares gifted by the reporting person to family trusts, of which the reporting person is a trustee.

SEC source: 0001193125-26-035492 · ownership.xml · nonDerivative · entry 1

SPLINTER MICHAEL R · CIK 0001188935 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 212,742

F1 · balance_after: Represents 212,742 RSUs granted pursuant to Nasdaq's Equity Incentive Plan, of which 207,501 are vested as of the date hereof.

SEC source: 0001193125-26-007651 · ownership.xml · nonDerivative · entry 1

Zecca John · CIK 0001789709 · EVP, Global CLO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 125,674

F1 · kind: The reported sale was effected pursuant to a Rule 10b5-1(c) trading plan adopted on September 8, 2025.

F2 · balance_after: Represents (i) 22,271 shares or units of restricted stock, of which 2,152 are vested and (ii) 103,403 shares of Common Stock underlying PSUs, all of which are vested.