Christopher McKay - 08 Jun 2021 Form 3 Insider Report for Marqeta, Inc. (MQ)

Role
Director, 10%+ Owner
Signature
/s/ Seth Weissman, Attorney-in-Fact
Issuer symbol
MQ
Transactions as of
08 Jun 2021
Net transactions value
$0
Form type
3
Filing time
08 Jun 2021, 17:55:41 UTC
Next filing
15 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MQ Common Stock 120,538 08 Jun 2021 See Footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MQ Series A Preferred Stock 08 Jun 2021 Common Stock 43,452,705 By Granite Ventures II, L.P. F1, F3, F4
holding MQ Series B Preferred Stock 08 Jun 2021 Common Stock 6,732,210 By Granite Ventures II, L.P. F1, F3, F4
holding MQ Series C Preferred Stock 08 Jun 2021 Common Stock 2,813,316 By Granite Ventures II, L.P. F1, F3, F4
holding MQ Series D Preferred Stock 08 Jun 2021 Common Stock 829,647 By Granite Ventures II, L.P. F1, F3, F4
holding MQ Series A Preferred Stock 08 Jun 2021 Common Stock 355,695 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F3, F4
holding MQ Series B Preferred Stock 08 Jun 2021 Common Stock 55,095 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F3, F4
holding MQ Series C Preferred Stock 08 Jun 2021 Common Stock 23,028 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's Preferred Stock into Common Stock, each share of Common Stock shall be reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock.
F2 The shares are held of record by Christopher McKay and Sarah McKay as trustees of the McKay Family Trust, dated August 12, 2020.
F3 Each share of Preferred Stock shall automatically convert on a one-for-one basis into Common Stock immediately prior to the closing of the Issuer's initial public offering and has no expiration date.
F4 Granite Management II, LLC is the general partner of Granite Ventures II, L.P. and Granite Ventures Entrepreneurs Fund II, L.P. The Reporting Person is one of several managing directors of Granite Management II, LLC and as such may be deemed to have voting and investment power with respect to such shares. Granite Ventures LLC is the managing member of Granite Management II. Granite Ventures LLC through Granite Management II, LLC has sole voting and disposition power over shares held by Granite Ventures II L.P. and Granite Ventures Entrepreneurs Fund II, L.P. Standish O'Grady, Jacqueline Berterretche and Christopher McKay are managing directors of the general partner entities of these funds that directly hold shares and as such Mr. O'Grady, Ms. Berterretche and Mr. McKay may be deemed to have voting and dispositive power with respect to such shares.

Remarks:

Exhibit 24: Power of Attorney