Raj Seshadri - 13 Jun 2023 Form 4 Insider Report for Mastercard Inc (MA)

Role
President, Data & Services
Signature
/s/ Craig Brown, as attorney-in-fact for Raj Seshadri, pursuant to a power of attorney dated January 7, 2020
Issuer symbol
MA
Transactions as of
13 Jun 2023
Net transactions value
-$1,515,912
Form type
4
Filing time
14 Jun 2023, 18:01:36 UTC
Previous filing
03 Mar 2023
Next filing
26 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MA Class A Common Stock Options Exercise $411,504 +3,664 +29% $112.31 16,328 13 Jun 2023 Direct F1
transaction MA Class A Common Stock Sale $450,383 -1,215 -7.4% $370.69 15,113 13 Jun 2023 Direct F1, F2
transaction MA Class A Common Stock Sale $145,254 -391 -2.6% $371.49 14,722 13 Jun 2023 Direct F1, F3
transaction MA Class A Common Stock Sale $447,282 -1,200 -8.2% $372.74 13,522 13 Jun 2023 Direct F1, F4
transaction MA Class A Common Stock Sale $166,361 -445 -3.3% $373.85 13,077 13 Jun 2023 Direct F1, F5
transaction MA Class A Common Stock Sale $637,949 -1,700 -13% $375.26 11,377 13 Jun 2023 Direct F1, F6
transaction MA Class A Common Stock Sale $80,186 -213 -1.9% $376.46 11,164 13 Jun 2023 Direct F1, F7

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 MA Employee Stock Option (right to buy) Options Exercise $0 -3,664 -100% $0.000000* 0 13 Jun 2023 Class A Common Stock 3,664 $112.31 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on March 14, 2023.
F2 The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $370.06 to $371.04. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
F3 The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $371.08 to $371.90. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
F4 The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $372.18 to $373.09. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
F5 The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $373.47 to $374.23. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
F6 The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $374.71 to $375.31. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
F7 The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $376.10 to $376.66. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
F8 The reporting person was awarded 17,664 employee stock options on March 1, 2017, which had fully vested.