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

Role
Chief Product and Technology Officer
Signature
/s/ Tracy Foard, Attorney-in-Fact
Issuer symbol
MQ
Transactions as of
01 Dec 2023
Net transactions value
-$361,008
Form type
4
Filing time
05 Dec 2023, 16:41:00 UTC
Previous filing
14 Nov 2023
Next filing
05 Mar 2024
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 $0.000000 8,851 01 Dec 2023 Direct F1
transaction MQ Class A Common Stock Tax liability $19,499 -3,061 -35% $6.37 5,790 01 Dec 2023 Direct F2
transaction MQ Class A Common Stock Options Exercise $0 +39,592 +684% $0.000000 45,382 01 Dec 2023 Direct F1
transaction MQ Class A Common Stock Tax liability $114,488 -17,973 -40% $6.37 27,409 01 Dec 2023 Direct F2
transaction MQ Class A Common Stock Options Exercise $105,649 +25,958 +95% $4.07 53,367 04 Dec 2023 Direct
transaction MQ Class A Common Stock Sale $161,820 -25,958 -49% $6.23 27,409 04 Dec 2023 Direct F3
transaction MQ Class A Common Stock Sale $170,851 -27,409 -100% $6.23 0 04 Dec 2023 Direct F3

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 -11% $0.000000 70,807 01 Dec 2023 Class A Common Stock 8,851 Direct F1, F4, F5
transaction MQ Restricted Stock Units Options Exercise $0 -39,592 -10% $0.000000 356,328 01 Dec 2023 Class A Common Stock 39,592 Direct F1, F4, F6
transaction MQ Stock Option (Right to Buy) Options Exercise $0 -25,958 -3.4% $0.000000 726,814 04 Dec 2023 Class A Common Stock 25,958 $4.07 Direct F7
* 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.175 to $6.28, 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 Each restricted stock unit is convertible into one share of Class A Common Stock.
F5 One-sixteenth (1/16th) of the restricted stock units vested on March 21, 2022, and an additional 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.
F6 One-twelfth (1/12th) of the restricted stock units vest on June 1, 2023, and an additional 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.
F7 One-thirty-sixth (1/36th) of the stock option vested on April 15, 2023, and an additional one-thirty-sixth (1/36th) of the stock option vests on the 15th of each month thereafter, subject to the Reporting Person's continued service with the Issuer as of each vesting date.

Remarks:

Chief Product and Technology Officer