Randall F. Kern - 01 Sep 2023 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Chief Technology and Product Officer
Signature
/s/ Tracy Foard, Attorney-in-Fact
Issuer symbol
MQ
Transactions as of
01 Sep 2023
Net transactions value
-$104,868
Form type
4
Filing time
06 Sep 2023, 17:24:21 UTC
Previous filing
05 Jun 2023
Next filing
14 Nov 2023
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 Options Exercise $0 +8,851 +15% $0.000000 69,490 01 Sep 2023 Direct F1
transaction MQ Class A Common Stock Tax liability $19,162 -3,061 -4.4% $6.26 66,429 01 Sep 2023 Direct F2
transaction MQ Class A Common Stock Options Exercise $0 +39,592 +60% $0.000000 106,021 01 Sep 2023 Direct F1
transaction MQ Class A Common Stock Tax liability $85,706 -13,691 -13% $6.26 92,330 01 Sep 2023 Direct F2

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 Restricted Stock Units Options Exercise $0 -8,851 -10% $0.000000 79,658 01 Sep 2023 Class A Common Stock 8,851 Direct F1, F3, F4
transaction MQ Restricted Stock Units Options Exercise $0 -39,592 -9.1% $0.000000 395,920 01 Sep 2023 Class A Common Stock 39,592 Direct F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
F2 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
F3 Each restricted stock unit is convertible into one share of Class A Common Stock.
F4 One-sixteenth (1/16th) of the restricted stock units vested on March 21, 2022, and one-sixteenth (1/16th) of the restricted stock units vest on each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person's continued service with the Issuer as of each vesting date.
F5 One-twelfth (1/12th) of the restricted stock units vested on June 1, 2023, and one-twelfth (1/12th) of the restricted stock units vest on each September 1, December 1, March 1 and June 1 thereafter, subject to the Reporting Person's continued service with the Issuer as of each vesting date.

Remarks:

Chief Technology and Product Officer