Granite Ventures Llc - Jun 11, 2021 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role: 10%+ Owner
Signature: GRANITE MANAGEMENT II, LLC. By Granite Ventures, LLC, its Managing Member., By: /s/ Jacqueline Berterretche, Jacqueline Berterretche, Managing Director
Stock symbol: MQ
Transactions as of: Jun 11, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/15/2021, 05:58 PM
Previous filing: Jun 8, 2021
Next filing: May 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MQ	Common Stock	Conversion of derivative security		+53.8M			53.8M	Jun 11, 2021	By Granite Ventures II, L.P.	F1, F3
transaction	MQ	Common Stock	Conversion of derivative security		+434K			434K	Jun 11, 2021	By Granite Ventures Entrepreneurs Fund II, L.P.	F1, F3
transaction	MQ	Common Stock	Other		-53.8M	-100%		0	Jun 11, 2021	By Granite Ventures II, L.P.	F2, F3, F4
transaction	MQ	Common Stock	Other		-434K	-100%		0	Jun 11, 2021	By Granite Ventures Entrepreneurs Fund II, L.P.	F2, F3, F4

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	-43.5M	-100%	$0.00^*	0	Jun 11, 2021	Common Stock	43.5M		By Granite Ventures II, L.P.	F1, F3
transaction	MQ	Series B Preferred Stock	Conversion of derivative security	$0	-6.73M	-100%	$0.00^*	0	Jun 11, 2021	Common Stock	6.73M		By Granite Ventures II, L.P.	F1, F3
transaction	MQ	Series C Preferred Stock	Conversion of derivative security	$0	-2.81M	-100%	$0.00^*	0	Jun 11, 2021	Common Stock	2.81M		By Granite Ventures II, L.P.	F1, F3
transaction	MQ	Series D Preferred Stock	Conversion of derivative security	$0	-830K	-100%	$0.00^*	0	Jun 11, 2021	Common Stock	830K		By Granite Ventures II, L.P.	F1, F3
transaction	MQ	Series A Preferred Stock	Conversion of derivative security	$0	-356K	-100%	$0.00^*	0	Jun 11, 2021	Common Stock	356K		By Granite Ventures Entrepreneurs Fund II, L.P.	F1, F3
transaction	MQ	Series B Preferred Stock	Conversion of derivative security	$0	-55.1K	-100%	$0.00^*	0	Jun 11, 2021	Common Stock	55.1K		By Granite Ventures Entrepreneurs Fund II, L.P.	F1, F3
transaction	MQ	Series C Preferred Stock	Conversion of derivative security	$0	-23K	-100%	$0.00^*	0	Jun 11, 2021	Common Stock	23K		By Granite Ventures Entrepreneurs Fund II, L.P.	F1, F3
transaction	MQ	Class B Common Stock	Other	$0	+53.8M		$0.00	53.8M	Jun 11, 2021	Class A Common Stock	53.8M		By Granite Ventures II, L.P.	F2, F3, F4
transaction	MQ	Class B Common Stock	Other	$0	+434K		$0.00	434K	Jun 11, 2021	Class A Common Stock	434K		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.