Renata Caine - 11 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
11 Jun 2021
Net transactions value
$0
Form type
4
Filing time
15 Jun 2021, 18:06:12 UTC
Previous filing
08 Jun 2021
Next filing
08 Jul 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 -485,103 -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 +485,103 $0.000000 485,103 11 Jun 2021 Class A Common Stock 485,103 Direct F1, F2
transaction MQ Restricted Stock Units Other $0 -34,375 -100% $0.000000* 0 11 Jun 2021 Common Stock 34,375 Direct F1, F2, F3
transaction MQ Restricted Stock Units Other $0 +34,375 $0.000000 34,375 11 Jun 2021 Class B Common Stock 34,375 Direct F1, F2, F3
transaction MQ Stock Option (Right to Buy) Other $0 -223,959 -100% $0.000000* 0 11 Jun 2021 Common Stock 223,959 $10.48 Direct F1, F4
transaction MQ Stock Option (Right to Buy) Other $0 +223,959 $0.000000 223,959 11 Jun 2021 Class B Common Stock 223,959 $10.48 Direct F1, F2, F4
transaction MQ Stock Option (Right to Buy) Other $0 -158,081 -100% $0.000000* 0 11 Jun 2021 Common Stock 158,081 $10.48 Direct F1, F5
transaction MQ Stock Option (Right to Buy) Other $0 +158,081 $0.000000 158,081 11 Jun 2021 Class B Common Stock 158,081 $10.48 Direct F1, F2, F5
* 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 These shares represent restricted stock units. Each restricted stock unit is convertible into one share of Class B Common Stock. The restricted stock units vest in 16 quarterly installments after January 1, 2020, subject to the Reporting Person's continued service to the Issuer.
F4 The stock option vests in 48 monthly installments after January 1, 2021, 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.
F5 The stock option shall vest with respect to 50% of the shares on January 1, 2023, and shall vest in 24 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.

Remarks:

Senior Vice President of International, Strategy, and Planning