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

Role
Chief Marketing Officer
Signature
/s/ Seth Weissman, Attorney-in-Fact
Stock symbol
MQ
Transactions as of
Jun 11, 2021
Transactions value $
$0
Form type
4
Date filed
6/15/2021, 06:08 PM
Previous filing
Jun 8, 2021
Next filing
Mar 17, 2022

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 Stock Option (Right to Buy) Other $0 -2.35M -100% $0.00* 0 Jun 11, 2021 Common Stock 2.35M $1.94 Direct F1, F2
transaction MQ Stock Option (Right to Buy) Other $0 +2.35M $0.00 2.35M Jun 11, 2021 Class B Common Stock 2.35M $1.94 Direct F1, F2, F3
transaction MQ Stock Option (Right to Buy) Other $0 -145K -100% $0.00* 0 Jun 11, 2021 Common Stock 145K $10.48 Direct F1, F4
transaction MQ Stock Option (Right to Buy) Other $0 +145K $0.00 145K Jun 11, 2021 Class B Common Stock 145K $10.48 Direct F1, F3, F4
transaction MQ Stock Option (Right to Buy) Other $0 -150K -100% $0.00* 0 Jun 11, 2021 Common Stock 150K $10.48 Direct F1, F5
transaction MQ Stock Option (Right to Buy) Other $0 +150K $0.00 150K Jun 11, 2021 Class B Common Stock 150K $10.48 Direct F1, F3, 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 The stock option vested with respect to 25% of the shares on September 3, 2020 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.
F3 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.
F4 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.
F5 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.