Christopher McKay - May 26, 2022 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Director, 10%+ Owner
Signature
/s/ Christine Paster, Attorney-in-Fact
Stock symbol
MQ
Transactions as of
May 26, 2022
Transactions value $
$0
Form type
4
Date filed
5/31/2022, 07:03 PM
Previous filing
Jan 10, 2022

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 +6M $0.00 6M May 26, 2022 By Granite Ventures II, L.P. F1, F2
transaction MQ Class A Common Stock Conversion of derivative security $0 +434K $0.00 434K May 26, 2022 By Granite Ventures Entrepreneurs Fund II, L.P. F1, F2
transaction MQ Class A Common Stock Other $0 -6M -100% $0.00* 0 May 26, 2022 By Granite Ventures II, L.P. F2, F3
transaction MQ Class A Common Stock Other $0 -434K -100% $0.00* 0 May 26, 2022 By Granite Ventures Entrepreneurs Fund II, L.P. F2, F3
transaction MQ Class A Common Stock Other $0 +119K +98.89% $0.00 240K May 26, 2022 See Footnote F4, F5
transaction MQ Class A Common Stock Other $0 +21K $0.00 21K May 26, 2022 See Footnotes F4, F6

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 Stock Conversion of derivative security $0 -6M -11.15% $0.00 47.8M May 26, 2022 Class A Common Stock 6M By Granite Ventures II, L.P. F1, F2
transaction MQ Class B Common Stock Conversion of derivative security $0 -434K -100% $0.00* 0 May 26, 2022 Class A Common Stock 434K By Granite Ventures Entrepreneurs Fund II, L.P. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation.
F2 Granite Management II, LLC is the general partner of Granite Ventures II, L.P. and Granite Ventures Entrepreneurs Fund II, L.P. The Reporting Person is one of several managing directors of Granite Management II, LLC and as such may be deemed to have voting and investment power with respect to such shares. Granite Ventures LLC is the managing member of Granite Management II, LLC. Granite Ventures LLC through Granite Management II, LLC has sole voting and dispositive 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 in kind distribution by the Fund to its limited partners.
F4 Represents shares received in a pro-rata in kind distribution of shares of Class A Common Stock from Granite Management II, LLC.
F5 The shares are held of record by Christopher McKay and Sarah McKay, Trustees of the McKay Family Trust dated August 12, 2020.
F6 The shares are held of record by Christopher McKay, Trustee of the Christopher McKay Irrevocable Trust dated April 15, 2021.