Hai Ling - 23 Feb 2026 Form 4 Insider Report for Mastercard Inc (MA)

Signature
/s/ Craig Brown, as attorney-in-fact for Hai Ling, pursuant to a power of attorney dated June 23, 2025
Issuer symbol
MA
Transactions as of
23 Feb 2026
Net transactions value
-$3,670,027
Form type
4
Filing time
25 Feb 2026, 16:06:16 UTC
Previous filing
03 Oct 2025
Next filing
03 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ling Hai President, AP, Europe, MEA 2000 PURCHASE STREET, PURCHASE /s/ Craig Brown, as attorney-in-fact for Hai Ling, pursuant to a power of attorney dated June 23, 2025 25 Feb 2026 0001923565

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MA Class A Common Stock Options Exercise $404,189 +4,486 +17% $90.10 30,154 23 Feb 2026 Direct F1
transaction MA Class A Common Stock Sale $118,308 -241 -0.8% $490.90 29,913 23 Feb 2026 Direct F1, F2
transaction MA Class A Common Stock Sale $177,180 -360 -1.2% $492.17 29,553 23 Feb 2026 Direct F1, F3
transaction MA Class A Common Stock Sale $300,875 -610 -2.1% $493.24 28,943 23 Feb 2026 Direct F1, F4
transaction MA Class A Common Stock Sale $59,291 -120 -0.41% $494.09 28,823 23 Feb 2026 Direct F1, F5
transaction MA Class A Common Stock Sale $145,582 -294 -1% $495.18 28,529 23 Feb 2026 Direct F1, F6
transaction MA Class A Common Stock Sale $25,792 -52 -0.18% $496.00 28,477 23 Feb 2026 Direct F1, F7
transaction MA Class A Common Stock Sale $39,816 -80 -0.28% $497.70 28,397 23 Feb 2026 Direct F1, F8
transaction MA Class A Common Stock Sale $40,067 -80 -0.28% $500.84 28,317 23 Feb 2026 Direct F1
transaction MA Class A Common Stock Sale $60,330 -120 -0.42% $502.75 28,197 23 Feb 2026 Direct F1, F9
transaction MA Class A Common Stock Sale $222,180 -440 -1.6% $504.96 27,757 23 Feb 2026 Direct F1, F10
transaction MA Class A Common Stock Sale $259,109 -512 -1.8% $506.07 27,245 23 Feb 2026 Direct F1, F11
transaction MA Class A Common Stock Sale $230,185 -454 -1.7% $507.01 26,791 23 Feb 2026 Direct F1, F12
transaction MA Class A Common Stock Sale $101,630 -200 -0.75% $508.15 26,591 23 Feb 2026 Direct F1, F13
transaction MA Class A Common Stock Sale $122,290 -240 -0.9% $509.54 26,351 23 Feb 2026 Direct F1, F14
transaction MA Class A Common Stock Sale $41,896 -82 -0.31% $510.93 26,269 23 Feb 2026 Direct F1, F15
transaction MA Class A Common Stock Sale $81,955 -160 -0.61% $512.22 26,109 23 Feb 2026 Direct F1, F16
transaction MA Class A Common Stock Sale $61,611 -120 -0.46% $513.43 25,989 23 Feb 2026 Direct F1, F17
transaction MA Class A Common Stock Sale $20,669 -40 -0.15% $516.72 25,949 23 Feb 2026 Direct F1
transaction MA Class A Common Stock Sale $62,320 -120 -0.46% $519.34 25,829 23 Feb 2026 Direct F1, F18
transaction MA Class A Common Stock Sale $21,328 -41 -0.16% $520.20 25,788 23 Feb 2026 Direct F1, F19
transaction MA Class A Common Stock Sale $41,724 -80 -0.31% $521.56 25,708 23 Feb 2026 Direct F1, F20
transaction MA Class A Common Stock Sale $20,906 -40 -0.16% $522.65 25,668 23 Feb 2026 Direct F1
transaction MA Class A Common Stock Options Exercise $404,098 +4,485 +17% $90.10 30,153 24 Feb 2026 Direct F1
transaction MA Class A Common Stock Sale $2,223,269 -4,485 -15% $495.71 25,668 24 Feb 2026 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 -4,486 -50% $0.000000 4,485 23 Feb 2026 Class A Common Stock 4,486 $90.10 Direct F1, F21
transaction MA Employee Stock Option (right to buy) Options Exercise $0 -4,485 -100% $0.000000 0 24 Feb 2026 Class A Common Stock 4,485 $90.10 Direct F1, F21
* 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 transaction was 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 29, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $490.22 to $491.19. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was executed in multiple trades at prices ranging from $491.60 to $492.45. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 This transaction was executed in multiple trades at prices ranging from $492.70 to $493.66. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was executed in multiple trades at prices ranging from $493.85 to $494.57. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6 This transaction was executed in multiple trades at prices ranging from $494.85 to $495.72. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F7 This transaction was executed in multiple trades at prices ranging from $495.945 to $496.01. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F8 This transaction was executed in multiple trades at prices ranging from $497.68 to $497.73. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F9 This transaction was executed in multiple trades at prices ranging from $502.56 to $502.87. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F10 This transaction was executed in multiple trades at prices ranging from $504.48 to $505.47. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F11 This transaction was executed in multiple trades at prices ranging from $505.59 to $506.56. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F12 This transaction was executed in multiple trades at prices ranging from $506.60 to $507.48. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F13 This transaction was executed in multiple trades at prices ranging from $508.12 to $508.19. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F14 This transaction was executed in multiple trades at prices ranging from $509.19 to $509.94. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F15 This transaction was executed in multiple trades at prices ranging from $510.24 to $511.08. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F16 This transaction was executed in multiple trades at prices ranging from $511.78 to $512.69. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F17 This transaction was executed in multiple trades at prices ranging from $513.26 to $513.76. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F18 This transaction was executed in multiple trades at prices ranging from $519.04 to $519.93. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F19 This transaction was executed in multiple trades at prices ranging from $520.19 to $520.47. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F20 This transaction was executed in multiple trades at prices ranging from $521.43 to $521.68. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F21 The reporting person was awarded 13,456 employee stock options on March 1, 2016, which previously had fully vested.