X0306 4 2017-02-21 0 0001120193 NASDAQ, INC. NDAQ 0001622630 Ottersgard Lars ONE LIBERTY PLAZA NEW YORK NY 10006 0 1 0 0 Executive Vice President Common Stock, par value $0.01 per share 2017-02-21 4 S 0 4067 71.52 D 13989 D The price reported in this box is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.49 to $71.56, 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) 8,607 shares underlying performance share units, of which 7,254 are vested and (ii) 5,382 shares purchased under the Employee Stock Purchase Plan. /s/ Edward S. Knight, by power of attorney 2017-02-23