Renata Caine - 08 Jun 2021 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Senior Vice President of International, Strategy, and Planning
Signature
/s/ Seth Weissman, Attorney-in-Fact
Issuer symbol
MQ
Transactions as of
08 Jun 2021
Net transactions value
-$145,935
Form type
4
Filing time
09 Jun 2021, 18:36:40 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
transaction MQ Common Stock Award +15,625 +3.3% 491,666 08 Jun 2021 Direct F1, F2
transaction MQ Common Stock Tax liability $145,935 -5,405 -1.1% $27.00 486,261 08 Jun 2021 Direct F1, F3

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
transaction MQ Restricted Stock Units Options Exercise $0 -15,625 -31% $0.000000 34,375 08 Jun 2021 Common Stock 15,625 Direct F1, F2, 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 closing 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 Each restricted stock unit is convertible into one share of Common Stock.
F3 Represents shares that were withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale by the Reporting Person.
F4 The units vest in sixteen quarterly installments after January 1, 2020, subject to the Reporting Person's continued service with the Issuer.

Remarks:

Senior Vice President of International, Strategy, and Planning