Randall F. Kern - Mar 15, 2024 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Chief Product and Technology Officer
Signature
/s/ Tracy Foard, Attorney-in-Fact
Stock symbol
MQ
Transactions as of
Mar 15, 2024
Transactions value $
$0
Form type
4
Date filed
3/19/2024, 05:33 PM
Previous filing
Mar 5, 2024
Next filing
Jun 5, 2024

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 Award $0 +464K $0.00 464K Mar 15, 2024 Class A Common Stock 464K Direct F1, F2
transaction MQ Performance Stock Units (Gross Profit) Award $0 +139K $0.00 139K Mar 15, 2024 Class A Common Stock 139K Direct F3, F4
transaction MQ Performance Stock Units (Adjusted EBITDA) Award $0 +59.7K $0.00 59.7K Mar 15, 2024 Class A Common Stock 59.7K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is convertible into one share of Class A Common Stock.
F2 One-twelfth (1/12th) of the restricted stock units vest on June 1, 2024 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each September 1, December 1, March 1 and June 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
F3 Each performance stock unit is convertible into one share of Class A Common Stock.
F4 Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time following achievement of certain profit targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest.
F5 Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain EBITDA targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest

Remarks:

Chief Product and Technology Officer