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

Role
Director, 10%+ Owner
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, 17:58:26 UTC
Previous filing
08 Jun 2021
Next filing
10 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MQ Common Stock Conversion of derivative security +53,827,878 53,827,878 11 Jun 2021 By Granite Ventures II, L.P. F1, F3
transaction MQ Common Stock Conversion of derivative security +433,818 433,818 11 Jun 2021 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F3
transaction MQ Common Stock Other -53,827,878 -100% 0 11 Jun 2021 By Granite Ventures II, L.P. F2, F3, F4
transaction MQ Common Stock Other -433,818 -100% 0 11 Jun 2021 By Granite Ventures Entrepreneurs Fund II, L.P. F2, F3, F4
transaction MQ Common Stock Other -120,538 -100% 0 11 Jun 2021 See Footnote F2, F4, F5

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 Series A Preferred Stock Conversion of derivative security $0 -43,452,705 -100% $0.000000* 0 11 Jun 2021 Common Stock 43,452,705 By Granite Ventures II, L.P. F1, F3
transaction MQ Series B Preferred Stock Conversion of derivative security $0 -6,732,210 -100% $0.000000* 0 11 Jun 2021 Common Stock 6,732,210 By Granite Ventures II, L.P. F1, F3
transaction MQ Series C Preferred Stock Conversion of derivative security $0 -2,813,316 -100% $0.000000* 0 11 Jun 2021 Common Stock 2,813,316 By Granite Ventures II, L.P. F1, F3
transaction MQ Series D Preferred Stock Conversion of derivative security $0 -829,647 -100% $0.000000* 0 11 Jun 2021 Common Stock 829,647 By Granite Ventures II, L.P. F1, F3
transaction MQ Series A Preferred Stock Conversion of derivative security $0 -355,695 -100% $0.000000* 0 11 Jun 2021 Common Stock 355,695 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F3
transaction MQ Series B Preferred Stock Conversion of derivative security $0 -55,095 -100% $0.000000* 0 11 Jun 2021 Common Stock 55,095 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F3
transaction MQ Series C Preferred Stock Conversion of derivative security $0 -23,028 -100% $0.000000* 0 11 Jun 2021 Common Stock 23,028 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F3
transaction MQ Class B Common Stock Other $0 +120,538 $0.000000 120,538 11 Jun 2021 Class A Common Stock 120,538 See Footnote F2, F4, F5
transaction MQ Class B Common Stock Other $0 +53,827,878 $0.000000 53,827,878 11 Jun 2021 Class A Common Stock 53,827,878 By Granite Ventures II, L.P. F2, F3, F4
transaction MQ Class B Common Stock Other $0 +433,818 $0.000000 433,818 11 Jun 2021 Class A Common Stock 433,818 By Granite Ventures Entrepreneurs Fund II, L.P. F2, 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 closing of the Issuer's initial public offering, each share of Preferred Stock automatically converted into one share of the Issuer's Common Stock on a one-for-one basis. The Preferred Stock had no expiration date.
F2 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.
F3 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, LLC. Granite Ventures LLC through Granite Management II, LLC has sole voting and dispositive 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.
F4 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.
F5 The shares are held of record by Christopher McKay and Sarah McKay as trustees of the McKay Family Trust, dated August 12, 2020.