Venkata R. Madabhushi - 27 Feb 2024 Form 4 Insider Report for Mastercard Inc (MA)

Role
Chief Marketing Officer
Signature
Craig Brown, as attorney-in-fact for Venkata Madabhushi pursuant to a power of attorney date April 23, 2019.
Issuer symbol
MA
Transactions as of
27 Feb 2024
Net transactions value
-$11,126,229
Form type
4
Filing time
29 Feb 2024, 16:05:16 UTC
Previous filing
03 Jan 2024
Next filing
05 Mar 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 $1,209,466 +10,769 +44% $112.31 35,024 27 Feb 2024 Direct F1
transaction MA Class A Common Stock Options Exercise $913,945 +5,268 +15% $173.49 40,292 27 Feb 2024 Direct F1
transaction MA Class A Common Stock Sale $2,081,244 -4,424 -11% $470.44 35,868 27 Feb 2024 Direct F1, F2
transaction MA Class A Common Stock Sale $3,439,185 -7,293 -20% $471.57 28,575 27 Feb 2024 Direct F1, F3
transaction MA Class A Common Stock Sale $2,438,610 -5,163 -18% $472.32 23,412 27 Feb 2024 Direct F1, F4
transaction MA Class A Common Stock Sale $1,707,675 -3,607 -15% $473.43 19,805 27 Feb 2024 Direct F1, F5
transaction MA Class A Common Stock Sale $3,535,428 -7,450 -38% $474.55 12,355 27 Feb 2024 Direct F1, F6
transaction MA Class A Common Stock Sale $47,498 -100 -0.81% $474.98 12,255 27 Feb 2024 Direct F1

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 -10,769 -100% $0.000000* 0 27 Feb 2024 Class A Common Stock 10,769 $112.31 Direct F1, F7
transaction MA Employee Stock Option (right to buy) Options Exercise $0 -5,268 -43% $0.000000 7,110 27 Feb 2024 Class A Common Stock 5,268 $173.49 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 November 28, 2023.
F2 The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $469.91 to $470.9. 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 $470.93 to $471.92. 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 $471.93 to $472.92. 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 $472.93 to $473.92. 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 $473.94 to $474.92. 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 reporting person was awarded 23,552 employee stock options on March 1, 2017, which had fully vested.
F8 The reporting person was awarded 16,504 employee stock options on March 1, 2018, which had fully vested.