Kevin Doerr - 11 Jun 2021 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role: Chief Product Officer
Signature: /s/ Seth Weissman, Attorney-in-Fact
Issuer symbol: MQ
Transactions as of: 11 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 15 Jun 2021, 17:56:29 UTC
Previous filing: 08 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	Other		-44,444	-100%		0	11 Jun 2021	Direct	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
transaction	MQ	Class B Common Stock	Other	$0	+44,444		$0.000000	44,444	11 Jun 2021	Class A Common Stock	44,444		Direct	F1, F2
transaction	MQ	Stock Option (Right to Buy)	Other	$0	-1,755,556	-100%	$0.000000^*	0	11 Jun 2021	Common Stock	1,755,556	$2.25	Direct	F1, F3
transaction	MQ	Stock Option (Right to Buy)	Other	$0	+1,755,556		$0.000000	1,755,556	11 Jun 2021	Class B Common Stock	1,755,556	$2.25	Direct	F1, F2, F3
transaction	MQ	Stock Option (Right to Buy)	Other	$0	-251,463	-100%	$0.000000^*	0	11 Jun 2021	Common Stock	251,463	$10.48	Direct	F1, F4
transaction	MQ	Stock Option (Right to Buy)	Other	$0	+251,463		$0.000000	251,463	11 Jun 2021	Class B Common Stock	251,463	$10.48	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 was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7 and Rule 16b-3.
F2	Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation.
F3	The stock option vested with respect to 25% of the shares on March 23, 2021 and vests 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.
F4	The stock option shall vest as to 50% of the shares on January 1, 2023, and shall vest in 24 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.