As filed with the Securities and Exchange Commission on December 31, 2025
THIS DOCUMENT IS A TECHNICAL ILLUSTRATION OF HOW CERTAIN DISCLOSURES IN SEC FILINGS ARE TO BE TAGGED. IT DOES NOT INDICATE WHICH PARTICULAR DISCLOSURES MUST BE INCLUDED AND/OR TAGGED IN COMMISSION FILINGS, AND IT DOES NOT CONSTITUTE LEGAL GUIDANCE OF ANY SORT.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Exhibit
D of Form 1 (
(name of registrant)
100 F St. NE
Washington, DC 20549
For the latest fiscal year of the exchange, audited financial statements which are prepared in accordance with, or in the case of a foreign exchange, reconciled with, United States generally accepted accounting principles, and are covered by a report prepared by an independent public accountant.
If an exchange has no consolidated subsidiaries, it shall file audited financial statements under Exhibit I alone and need not file a separate unaudited financial statement for the exchange under Exhibit D.
Consolidated subsidiary
Balance Sheet
| (in millions) | Dec. 31, 2025 | Dec. 31, 2024 | ||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | |||||||
| Restricted cash | ||||||||
| Prepaid expenses | ||||||||
| Total current assets | ||||||||
| Equity method investments | ||||||||
| Right of use assets, operating lease | ||||||||
| Other assets | ||||||||
| Total Assets | ||||||||
| Liabilities and Stockholders' Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | ||||||||
| Accrued expenses | ||||||||
| Total current liabilities | ||||||||
| Lease obligations, operating | ||||||||
| Other liabilities | ||||||||
| Total Liabilities | ||||||||
| Common Stock | ||||||||
| Retained Earnings | ||||||||
| Total Stockholders' Equity | ||||||||
| Total Liabilities and Stockholders' Equity | $ | |||||||
Income and Expense Statement
| 12 Months ended Dec. 31, 2025 | 12 Months ended Dec. 31, 2024 | |||||||
| Revenue | ||||||||
| Operating Expenses | ||||||||
| Salary and associated benefits | $ | |||||||
| Professional services | ||||||||
| Other expenses | ||||||||
| Total Operating Expenses | ||||||||
| Other non-operating income | ||||||||
| Net Income | $ | |||||||
Statement of Cash Flows
| 12 Months ended Dec. 31, 2025 |
||||||||
| Net income | $ | |||||||
| Changes in other assets | ||||||||
| Net cash provided by operating activities | ||||||||
| Net cash provided by investing activities | ||||||||
| Net cash provided by financing activities | ||||||||
| Changes in cash, cash equivalents and restricted cash. | ||||||||
| Cash, cash equivalents and restricted cash, beginning of period | ||||||||
| Cash, cash equivalents and restricted cash, end of period | $ |
Sources and Application of Funds
| Dec. 31, 2025 | ||||
| Revenue | $ | |||
| Other non-operating income | ||||
| Total Operating expenses | $ | |||
Notes to the Financial Statements
1. Significant Accounting Policies. Ullamcorper morbi tincidunt ornare massa eget egestas purus. Lobortis elementum nibh tellus molestie. Aliquam purus sit amet luctus venenatis lectus magna fringilla urna. Feugiat scelerisque varius morbi enim nunc. Enim lobortis scelerisque fermentum dui faucibus in ornare quam viverra. Aliquam malesuada bibendum arcu vitae elementum curabitur vitae. Sagittis id consectetur purus ut faucibus. Egestas pretium aenean pharetra magna ac. Consequat mauris nunc congue nisi.
2. Cash and Cash Equivalents Disclosure. Nisl tincidunt eget nullam non. Sed velit dignissim sodales ut eu sem. Auctor neque vitae tempus quam pellentesque nec nam. Lorem sed risus ultricies tristique nulla aliquet enim. Quam pellentesque nec nam aliquam sem et tortor consequat. Tincidunt praesent semper feugiat nibh. Magna fermentum iaculis eu non diam. Facilisi etiam dignissim diam quis. Neque ornare aenean euismod elementum. Vel elit scelerisque mauris pellentesque pulvinar. Malesuada fames ac turpis egestas integer eget aliquet nibh. Vulputate eu scelerisque felis imperdiet.