Seth R. Weissman - 15 Jun 2022 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
15 Jun 2022
Net transactions value
-$950,000
Form type
4
Filing time
17 Jun 2022, 16:37:55 UTC
Previous filing
03 Jun 2022
Next filing
06 Sep 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 +100,000 +1624% $0.000000 106,157 15 Jun 2022 Direct
transaction MQ Class A Common Stock Sale $950,000 -100,000 -94% $9.50 6,157 15 Jun 2022 Direct

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 -100,000 -7.4% $0.000000 1,245,675 15 Jun 2022 Class B Common Stock 100,000 $1.46 Direct F1, F2
transaction MQ Class B Common Stock Options Exercise $0 +100,000 +146% $0.000000 168,493 15 Jun 2022 Class A Common Stock 100,000 Direct F2
transaction MQ Class B Common Stock Conversion of derivative security $0 -100,000 -59% $0.000000 68,493 15 Jun 2022 Class A Common Stock 100,000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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