NASDAQ, INC.
For the period ended Sep 30, 2025. Filed Oct 23, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 23, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
See “Share Repurchase Program,” of Note 11, “Nasdaq Stockholders’ Equity,” to the condensed consolidated financial statements for further discussion of our share repurchase program.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The table below represents repurchases made by or on behalf of us or any “affiliated purchaser” of our common stock during the fiscal quarter ended September 30, 2025:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) |
|---|---|---|---|---|
| Share repurchase program | 300,726 | $92.07 | 300,726 | $1,502 |
| Employee transactions | 41,332 | $89.45 | N/A | N/A |
| Share repurchase program | 738,437 | $95.43 | 738,437 | $1,432 |
| Employee transactions | — | $— | N/A | N/A |
| Share repurchase program | 178,999 | $94.00 | 178,999 | $1,415 |
| Employee transactions | 605 | $88.95 | N/A | N/A |
| Total Quarter Ended September 30, 2025 | ||||
| Share repurchase program | 1,218,162 | $94.39 | 1,218,162 | $1,415 |
| Employee transactions | 41,937 | $89.44 | N/A | N/A |
In the preceding table:
N/A - Not applicable.
See “Share Repurchase Program,” of Note 11, “Nasdaq Stockholders’ Equity,” to the condensed consolidated financial statements for further discussion of our share repurchase program.
Employee transactions represents shares surrendered to us to satisfy tax withholding obligations arising from the vesting of restricted stock and PSUs previously issued to employees.
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