Seth R. Weissman - 29 Nov 2021 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Chief Legal Officer, General Counsel, and Secretary
Signature
/s/ Christine Paster, Attorney-in-Fact
Issuer symbol
MQ
Transactions as of
29 Nov 2021
Net transactions value
-$1,437,098
Form type
4
Filing time
01 Dec 2021, 16:47:19 UTC
Previous filing
15 Jun 2021
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MQ Class A Common Stock Conversion of derivative security $0 +70,000 $0.000000 70,000 29 Nov 2021 Direct
transaction MQ Class A Common Stock Sale $1,354,759 -66,161 -95% $20.48 3,839 29 Nov 2021 Direct F1, F2
transaction MQ Class A Common Stock Sale $80,109 -3,739 -97% $21.43 100 29 Nov 2021 Direct F1, F3
transaction MQ Class A Common Stock Sale $2,230 -100 -100% $22.30 0 29 Nov 2021 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 MQ Stock Option (Right to Buy) Options Exercise $0 -70,000 -4.9% $0.000000 1,345,675 29 Nov 2021 Class B Common Stock 70,000 $1.46 Direct F4, F5
transaction MQ Class B Common Stock Options Exercise $0 +70,000 +102% $0.000000 138,493 29 Nov 2021 Class A Common Stock 70,000 Direct F5
transaction MQ Class B Common Stock Conversion of derivative security $0 -70,000 -51% $0.000000 68,493 29 Nov 2021 Class A Common Stock 70,000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a previously adopted Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.04 to $20.93, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.17 to $21.74, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F4 The stock option vested with respect to 25% of the shares on April 29, 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.
F5 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.

Remarks:

Chief Legal Officer, General Counsel, and Secretary