Michael Milotich - Mar 1, 2023 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Chief Financial Officer
Signature
/s/ Tracy Foard, Attorney-in-Fact
Stock symbol
MQ
Transactions as of
Mar 1, 2023
Transactions value $
-$336,596
Form type
4
Date filed
3/3/2023, 03:55 PM
Previous filing
May 24, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MQ Class A Common Stock Options Exercise $0 +216K $0.00 216K Mar 1, 2023 Direct F1
transaction MQ Class A Common Stock Tax liability -$337K -74.8K -34.58% $4.50 142K Mar 1, 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 -216K -25% $0.00 649K Mar 1, 2023 Class A Common Stock 216K Direct F1, F3, F4
* 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-fourth (1/4th) of the restricted stock units granted on March 15, 2022 and May 21, 2022 vest on March 1, 2023, 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.