Randall F. Kern - Jun 8, 2021 Form 3 Insider Report for Marqeta, Inc. (MQ)

Role
Chief Technology Officer
Signature
/s/ Seth Weissman, Attorney-in-Fact
Stock symbol
MQ
Transactions as of
Jun 8, 2021
Transactions value $
$0
Form type
3
Date filed
6/8/2021, 06:05 PM
Next filing
Jun 15, 2021

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 Stock Option (Right to Buy) Jun 8, 2021 Common Stock 2M $22.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option shall vest with respect to 25% of the shares on June 1, 2022 and shall vest in 36 additional monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date. The stock option is early exercisable by the Reporting Person.
F2 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.

Remarks:

Exhibit 24: Power of Attorney