GRANITE VENTURES LLC - 26 May 2022 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
Issuer symbol
MQ
Transactions as of
26 May 2022
Net transactions value
$0
Form type
4
Filing time
31 May 2022, 18:41:53 UTC
Previous filing
15 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 Conversion of derivative security +6,000,000 6,000,000 26 May 2022 By Granite Ventures, L.P. F1, F2
transaction MQ Common Stock Conversion of derivative security +433,818 433,818 26 May 2022 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F2
transaction MQ Common Stock Other -6,000,000 -100% 0 26 May 2022 By Granite Ventures, L.P. F2, F3
transaction MQ Common Stock Other -433,818 -100% 0 26 May 2022 By Granite Ventures Entrepreneurs Fund II, L.P. F2, F3

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 Conversion of derivative security $0 -6,000,000 -11% $0.000000 47,827,878 26 May 2022 Class A Common Stock 6,000,000 By Granite Ventures, L.P. F1, F2
transaction MQ Class B Common Conversion of derivative security $0 -433,818 -100% $0.000000* 0 26 May 2022 Class A Common Stock 433,818 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

GRANITE VENTURES LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of Class B common stock is convertible into one share of Class A common stock at the option of the Reporting Person and has no expiration date.
F2 Granite Management II, LLC is the general partner of Granite Ventures II, L.P. and Granite Ventures Entrepreneurs Fund II, L.P. Granite Ventures LLC is the managing member of Granite Management II, LLC. Granite Ventures LLC through Granite Management II, LLC has sole voting and disposition 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.
F3 Represents a pro-rata distribution, and not a purchase or sale, without additional consideration, to its partners.