Crystal Sumner - 15 Mar 2024 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Chief Administrative Officer and Corporate Secretary
Signature
/s/ Tracy Foard, Attorney-in-Fact
Issuer symbol
MQ
Transactions as of
15 Mar 2024
Net transactions value
$0
Form type
4
Filing time
19 Mar 2024, 17:30:29 UTC
Previous filing
05 Mar 2024
Next filing
05 Jun 2024
SEC
View on sec.gov

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 +442,303 $0.000000 442,303 15 Mar 2024 Class A Common Stock 442,303 Direct F1, F2
transaction MQ Performance Stock Units (Gross Profit) Award $0 +132,690 $0.000000 132,690 15 Mar 2024 Class A Common Stock 132,690 Direct F3, F4
transaction MQ Performance Stock Units (Adjusted EBITDA) Award $0 +56,868 $0.000000 56,868 15 Mar 2024 Class A Common Stock 56,868 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 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.
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 Administrative Officer and Corporate Secretary