Nasdaq, INC Schedule 13D activist filings

Filed when an investor crosses five percent and intends to influence the company — the activist disclosure.

NASDAQ

10 May 2025

NDAQ

SCHEDULE 13D/A: Thoma Bravo Entities Reduce Nasdaq Stake Below 5% Threshold

Argus Seller, LP and Thoma Bravo UGP, LLC have reduced their beneficial ownership in Nasdaq, Inc. to 4.44% through an open market sale of 17.33 million shares.