Randall F. Kern - 01 Mar 2024 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 Mar 2024
Net transactions value
-$110,630
Form type
4
Filing time
05 Mar 2024, 18:02:22 UTC
Previous filing
05 Dec 2023
Next filing
19 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 Mar 2024 Direct F1
transaction MQ Class A Common Stock Tax liability $20,218 -3,159 -36% $6.40 5,692 01 Mar 2024 Direct F2
transaction MQ Class A Common Stock Options Exercise $0 +39,592 +696% $0.000000 45,284 01 Mar 2024 Direct F1
transaction MQ Class A Common Stock Tax liability $90,413 -14,127 -31% $6.40 31,157 01 Mar 2024 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 -13% $0.000000 61,956 01 Mar 2024 Class A Common Stock 8,851 Direct F1, F3, F4
transaction MQ Restricted Stock Units Options Exercise $0 -39,592 -11% $0.000000 316,736 01 Mar 2024 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 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.
F5 One-twelfth (1/12th) of the restricted stock units vested 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.

Remarks:

Chief Product and Technology Officer