Michael Milotich - 01 Dec 2023 Form 4 Insider Report for Marqeta, Inc. (MQ)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Dec 2023, 16:43:37 UTC
Prior SEC filing
06 Sep 2023
Next SEC filing
05 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Tracy Foard, Attorney-in-Fact
Filing notes and source

Key filing fact

Michael Milotich filed Form 4 for Marqeta, Inc. (MQ) on 05 Dec 2023.

Key facts

  • This page summarizes Michael Milotich's Form 4 filing for Marqeta, Inc. (MQ).
  • 9 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 05 Dec 2023, 16:43.

Change

  • Previous filing in this sequence was filed on 06 Sep 2023.
  • Current net transaction value: -$245,818.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+28,670
Change %
+13%
Price
$0.000000
Shares after
248,658
Date
01 Dec 2023
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
-$90,550
Shares
-14,215
Change %
-5.7%
Price
$6.37
Shares after
234,443
Date
01 Dec 2023
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+25,406
Change %
+11%
Price
$0.000000
Shares after
259,849
Date
01 Dec 2023
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
-$80,243
Shares
-12,597
Change %
-4.8%
Price
$6.37
Shares after
247,252
Date
01 Dec 2023
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+23,755
Change %
+9.6%
Price
$0.000000
Shares after
271,007
Date
01 Dec 2023
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
-$75,026
Shares
-11,778
Change %
-4.3%
Price
$6.37
Shares after
259,229
Date
01 Dec 2023
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-28,670
Change %
-10%
Price
$0.000000
Shares after
258,027
Date
01 Dec 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
28,670
Exercise price
Footnotes
F1, F3, F4
MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-25,406
Change %
-10%
Price
$0.000000
Shares after
228,659
Date
01 Dec 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
25,406
Exercise price
Footnotes
F1, F3, F4
MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-23,755
Change %
-10%
Price
$0.000000
Shares after
213,797
Date
01 Dec 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
23,755
Exercise price
Footnotes
F1, F3, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Each restricted stock unit is convertible into one share of Class A Common Stock.

Footnote F4

One-fourth (1/4th) of the restricted stock units vested on March 1, 2023 and one-sixteenth (1/16th) of the remaining restricted stock units vest quarterly on each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.

Footnote F5

One-twelfth (1/12th) of the restricted stock units vested on March 1, 2023 and one twelfth (1/12th) of the remaining restricted stock units vest quarterly on each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.

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