Michael Milotich - 01 Sep 2025 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
03 Sep 2025, 17:00:30 UTC
Prior SEC filing
03 Jun 2025
Next SEC filing
17 Sep 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Tracy Foard, Attorney-in-Fact

Key filing fact

Michael Milotich filed Form 4 for Marqeta, Inc. (MQ) on 03 Sep 2025.

Key facts

  • This page summarizes Michael Milotich's Form 4 filing for Marqeta, Inc. (MQ).
  • 21 reported transactions and 7 derivative rows are listed below.
  • Accepted by SEC: 03 Sep 2025, 17:00.

Change

  • Previous filing in this sequence was filed on 03 Jun 2025.
  • Current net transaction value: -$649,337.

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

Reporting Owners (1)

CIK 0001913038 Primary reporting owner

Milotich Michael

Relationship
Interim Chief Executive Officer and Chief Financial Officer
Address
180 GRAND AVENUE, 6TH FLOOR, OAKLAND
Signature
/s/ Tracy Foard, Attorney-in-Fact
Signature date
03 Sep 2025

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
+28,669
Change %
+4.2%
Price
$0.000000
Shares after
717,913
Date
01 Sep 2025
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
$96,739
Shares
-15,679
Change %
-2.2%
Price
$6.17
Shares after
702,234
Date
01 Sep 2025
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+25,407
Change %
+3.6%
Price
$0.000000
Shares after
727,641
Date
01 Sep 2025
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
$85,732
Shares
-13,895
Change %
-1.9%
Price
$6.17
Shares after
713,746
Date
01 Sep 2025
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+23,755
Change %
+3.3%
Price
$0.000000
Shares after
737,501
Date
01 Sep 2025
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
$80,161
Shares
-12,992
Change %
-1.8%
Price
$6.17
Shares after
724,509
Date
01 Sep 2025
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+49,759
Change %
+6.9%
Price
$0.000000
Shares after
774,268
Date
01 Sep 2025
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
$167,904
Shares
-27,213
Change %
-3.5%
Price
$6.17
Shares after
747,055
Date
01 Sep 2025
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+41,837
Change %
+5.6%
Price
$0.000000
Shares after
788,892
Date
01 Sep 2025
Ownership
Direct
Footnotes
F1
MQ transaction

Class A Common Stock

Tax liability

Transaction value
$141,176
Shares
-22,881
Change %
-2.9%
Price
$6.17
Shares after
766,011
Date
01 Sep 2025
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+14,744
Change %
+1.9%
Price
$0.000000
Shares after
780,755
Date
01 Sep 2025
Ownership
Direct
Footnotes
F1, F3
MQ transaction

Class A Common Stock

Tax liability

Transaction value
$49,755
Shares
-8,064
Change %
-1%
Price
$6.17
Shares after
772,691
Date
01 Sep 2025
Ownership
Direct
Footnotes
F2
MQ transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+8,259
Change %
+1.1%
Price
$0.000000
Shares after
780,950
Date
01 Sep 2025
Ownership
Direct
Footnotes
F1, F4
MQ transaction

Class A Common Stock

Tax liability

Transaction value
$27,870
Shares
-4,517
Change %
-0.58%
Price
$6.17
Shares after
776,433
Date
01 Sep 2025
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
-28,669
Change %
-33%
Price
$0.000000
Shares after
57,340
Date
01 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
28,669
Exercise price
Footnotes
F1, F5, F6
MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-25,407
Change %
-33%
Price
$0.000000
Shares after
50,813
Date
01 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
25,407
Exercise price
Footnotes
F1, F5, F6
MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-23,755
Change %
-33%
Price
$0.000000
Shares after
47,511
Date
01 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
23,755
Exercise price
Footnotes
F1, F5, F7
MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-49,759
Change %
-14%
Price
$0.000000
Shares after
298,555
Date
01 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
49,759
Exercise price
Footnotes
F1, F5, F8
MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-41,837
Change %
-9.1%
Price
$0.000000
Shares after
418,366
Date
01 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
41,837
Exercise price
Footnotes
F5, F9
MQ transaction Derivative

Performance Stock Units (Gross Profit)

Options Exercise

Transaction value
$0
Shares
-14,928
Change %
-5.9%
Price
$0.000000
Shares after
240,177
Date
01 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
14,928
Exercise price
Footnotes
F1, F5, F10, F11
MQ transaction Derivative

Performance Stock Units (Adjusted EBITDA)

Options Exercise

Transaction value
$0
Shares
-6,398
Change %
-5.9%
Price
$0.000000
Shares after
102,933
Date
01 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
6,398
Exercise price
Footnotes
F1, F5, F10, F12
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 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

Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 184 fewer shares acquired for performance at less than 100%.

Footnote F4

Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 1,861 additional shares acquired for performance at more than 100%.

Footnote F5

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

Footnote F6

One-fourth (1/4th) of the restricted stock units vested on March 1, 2023, and 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.

Footnote F7

One-twelfth (1/12th) of the restricted stock units vested on March 1, 2023, and one-twelfth (1/12th) 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.

Footnote F8

One-twelfth (1/12th) of the restricted stock units vested 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.

Footnote F9

One-twelfth (1/12th) of the restricted stock units vested on June 1, 2025 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.

Footnote F10

Represents the disposition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024.

Footnote F11

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 target number of shares would vest.

Footnote F12

Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain adjusted 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 target number of shares would vest.

SEC remarks

Interim Chief Executive Officer and Chief Financial Officer

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